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32839320
32839280

10770 BEACH BLVD, JACKSONVILLE, FL 32246-3657

SS
FL FL SL636794
Marcus & Millichap
AR
FL SL 3644951
Marcus & Millichap
Listed by Marcus & Millichap
$2,152,381
10 days on market
Updated 10 days ago

KFC-20 Yr Absolute Net (NNN) Lease

Details
APN 165416 0120
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,376
Net Rentable (SqFt) 2,376
Units 1
Cap Rate 5.25%
NOI $113,000
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 $906
Broker Co-Op True
Year Built 2002
Year Renovated 2012
Buildings 1
Stories 1
Lot Size (SqFt) 71,438
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

5.25% Cap | Dense Retail Corridor Location

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 Beach Blvd, which is a key thoroughfare in Jacksonville’s Southside district. This KFC is subject to a new 20-year absolute triple net lease, offering a long-term income stream. It is a well-established store that has operated at this location since 2012. 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 2,376 SF building. It is situated on a 1.64 AC parcel of land. The site includes a drive-thru, two access points, excellent visibility, ample parking, and high-visibility signage along Beach Blvd (55,000+ VPD). It benefits from excellent access and visibility from I-295 (100,000+ VPD) and Saint Johns Bluff Rd (20,000+ VPD).

This KFC is in the neighborhood’s primary retail corridor, benefiting from strong traffic counts along major routes. The area has a population of 84,826 within a 3-mile radius and 231,961 within a 5-mile radius, with AHHIs of $85,000+ and $93,000+, respectively. Jacksonville is one of the fastest-growing metropolitan areas in the United States, and the Southside corridor continues to experience strong growth and increased housing density.

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
  • EXCELLENT VISIBILITY & ACCESS: 2 Access Points - Frontage on Beach Blvd – 53,000+ VPD (Primary East / West Corridor)
  • QUALIFIES FOR 100% BONUS DEPRECIATION: Contact Listing Agent For Estimate of Savings
  • LOW RENT / STRONG RESIDUAL VALUE: Has Upside Potential
  • DENSE RETAIL CORRIDOR LOCATION: Neighboring Retailers Include: Sam’s Club, Winn-Dixie, Dollar Tree
  • AFFLUENT SURROUNDING AREAS: 84,000+ People With an AHHI Of $85,000+ Within 3 MI Radius
  • PROXIMITY TO POPULATION HUBS: Within 3 MI of The University of Florida (UNF) & St Johns Town Center

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
$--
$--
Annual Cash Flow
$113,000.00
$9,416.67/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
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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