1805 US 1S Hwy
Saint Augustine, FL 32084
KFC: New 20-Yr Absolute NNN Lease · Retail Property For Sale

KFC has a brand new Absolute NNN lease with 5% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods (the largest KFC franchisee in the U.S.) operates 599 locations in 23 states (13% of locations in U.S. System) and will generate sales in excess of $650 million in 2018. The subject property has been open and operating for decades with an attractive 7.50% rent-to-sales ratio! This location was recently renovated in 2017 to the latest ”American Showman Prototype” (cost in excess of +$200,000). KFC is located in St. Augustine, FL on US Highway 1 on the main north/south thoroughfare with high drive by visibility. The subject property is located in a dense retail corridor that is well positioned in the main retail node on a pad site/signalized intersection to an ALDI, PetSmart, & Ross retail anchored power center. Other nearby retailers include: The Home Depot, Hobby Lobby, Big Lots, Harbor Freight Tools, Bealls Outlet, Lowe’s Home Improvement, Walmart Supercenter, Dollar Tree, Publix Supermarket, Michaels, Bed Bath & Beyond, and Bealls. This asset is also located 2 miles from Flagler College (enrollment of 2,621) and half a mile from Flagler Hospital (335 beds). *In Association with Florida Local Broker: Andrew T. Knight, New England Commercial Brokerage, Inc. #BK3287452