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32029649

9551 REGENCY SQ BLVD N, JACKSONVILLE, FL 32225-8128

SS
FL FL SL636794
Marcus & Millichap
AR
FL SL 3644951
Marcus & Millichap
Listed by Marcus & Millichap
$2,200,000
36 days on market
Updated 17 days ago

KFC - 20 Year Absolute Net (NNN) Lease

Details
APN 120819 1825
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,442
Net Rentable (SqFt) 2,442
Units 1
Cap Rate 5%
NOI $110,000
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Expiration 05/30/2046
Remaining Term 20
Rent Bumps Yes
Lease Options 4, Five Year Options
Price per SqFt $901
Broker Co-Op True
Year Built 2015
Buildings 1
Stories 1
Lot Size (SqFt) 38,333
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee
Lease Commencement 05/01/2021
Ground Lease No
Ownership Fee Simple
Sale Condition N/A

Primary Retail Cluster Location | 5.0% Cap | Long Term Tenancy

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a net leased investment consisting of a KFC quick service restaurant. It is located on Regency Square Blvd N, which is a key thoroughfare in Jacksonville’s Regency/Southside area of Florida. This KFC is subject to a absolute triple net lease with 20 years remaining, with four (4) 5-year options to extend, offering a long-term income stream. It is a well-established store that has operated at this location since 2015. The offering provides significant long-term value as the rent is at a low price point compared to similar QSR leases.

The subject property features a 2,442 SF building constructed in 2015. It is situated on a 0.88 AC parcel of land. The site includes a drive-thru, two access points, excellent visibility, ample parking, and high-visibility signage along Regency Square Blvd N (9,000+ VPD). It is located a stone’s throw from FL 113 (Southside Connector), which carries over 30,000 vehicles per day.

This KFC is in the neighborhood’s primary retail corridor, benefiting from strong traffic counts along major routes and immediate co-tenancy with neighboring retailers including Home Depot, Target, and Lowe’s. The area has a population of 90,718 within a 3-mile radius and 212,659 within a 5-mile radius, with AHHIs of $77,503 and $86,104, respectively. Jacksonville is one of the fastest-growing metropolitan areas in the United States, and the immediate Regency area is poised for significant growth due to the major redevelopment of the nearby Regency Square Mall into The Nexus at Regency, a large-scale mixed-use project featuring new multifamily housing units, retail, offices, and entertainment spaces. Ongoing development and revitalization efforts in the Southside corridor are contributing to continued growth and increased housing density in this expanding area.

KFC—a wholly owned subsidiary of YUM! Brands Inc.—is one of the world’s largest quick service restaurant chains, with over 4,000 U.S. locations and 32,000 stores globally. Backed by a BB+ credit rating (S&P) and over $34 billion in annual system-wide sales, the brand offers institutional-grade investment security. This site is operated under guarantee from Tasty Restaurant Group, a leading multi-brand operator with over 400 restaurants across KFC and other major QSR concepts, underscoring its strategic importance and long-term commitment to this location.

Investment highlights

  • 20 YEAR ABSOLUTE NET LEASE: Zero Landlord Responsibilities–Early Renewal–Strong Commitment From Tenant
  • OPERATED BY TASTY CHICK’N: 400+ Unit Operator
  • LOW RENT / STRONG RESIDUAL VALUE: Low Rent-To-Sales Ratio (6.35% - 2025)
  • QUALIFIES FOR 100% BONUS DEPRECIATION: Contact Listing Agent For Estimate of Savings
  • PRIMARY RETAIL CLUSTER LOCATION: Neighboring Retailers Include: Home Depot, Target, Lowe's, Ross, Michaels
  • EXCELLENT VISIBILITY & ACCESS: 2 Access Points & A Stone's Throw From FL 113 Southside Connector-30,000+ VPD
  • PROXIMITY TO REGENCY SQUARE MALL REDEVELOPMENT: 80+ AC Mixed-Use Redevelopment at Mall’s Current Site–Currently in Pre-Construction

Listing Contacts

SS
FL FL SL636794
Marcus & Millichap
AR
FL SL 3644951
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$110,000.00
$9,166.67/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Scott Sandelin
License
FL SL636794
Brokerage Address
2916 N Miami Ave
Name
Andrew Rodriguez
License
SL 3644951
Brokerage
Marcus & Millichap
Brokerage Phone
786-522-7000
Brokerage Address
2916 North Miami Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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