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Investment Highlights

  • 5.50% Cap Rate on Current Rent
  • 10% Rent Bumps Every 5 Years
  • Absolute Triple Net
  • Guaranteed By KBP Foods, LLC (1,100+ Locations)
  • Co-Branded Location

Executive Summary

This rare dual branded location includes both Taco Bell and KFC. It is well located and maintained, and is on an absolute triple net lease. There are no Landlord responsibilities. The building square footage totals 3,405, with almost a 40,000 square foot lot. The current lease expires on February 28, 2033, with the tenant having two additional 5-year options. The lease is guaranteed by KBP Foods, LLC. They operate restaurants in 32 States, have over 20,000+ employees, and operate over 1,100 QSR restaurants and do over $1 Billion a year is sales volume.
* 5.5% Cap Rate
* Located in Tampa, the 4th largest MSA in the Southeast
* 10% rent increases every 5 years (Next bump is in March 2028)
* Densely populated area with over 137,000 people within 3 miles
* Florida is a tax-free income state

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,405 SF
Building Class
B
Year Built
1999
Price
$2,585,000
Price Per SF
$759.18
Cap Rate
5.50%
NOI
$142,175
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.91 AC
Zoning
CG
Parking
34 Spaces (9.99 Spaces per 1,000 SF Leased)
Frontage
130’ on Armenia Ave

Amenities

  • Pylon Sign
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Feb 2033

KFC began in 1952 when Colonel Harland Sanders expanded a fried chicken recipe into the first Kentucky Fried Chicken franchise in Utah, building on earlier work in Kentucky. The company now operates as a global chicken restaurant brand and a subsidiary of Yum! Brands, with a menu centred on fried chicken, chicken sandwiches, tenders, bowls, sides and beverages. KFC's business spans restaurant operations, franchising, digital ordering and brand marketing across a wide international network. The company continues to focus on fried chicken as its core offer while adapting menus for local markets and supporting community programmes.

  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Feb 2033

Taco Bell began in 1962 when Glen Bell opened the first restaurant in Downey, California, building on earlier taco stands and a background in fast-service restaurant operations. The chain serves Mexican-inspired foods such as tacos, burritos, quesadillas, nachos, and beverages, and its business spans company-operated and franchised restaurants. Taco Bell has grown into a widely recognized quick-service brand with a substantial presence in the United States and in markets outside the country. The company maintains digital ordering, career, and newsroom platforms that support menu launches, brand updates, and franchise-related hiring.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Accommodation and Food Services - - Triple Net Feb 2033
Accommodation and Food Services - - Triple Net Feb 2033
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Truist
Rent-A-Center
Suncoast Credit Union
Bank of America
Checkers
Publix
First Horizon Bank
Waffle House
Fifth Third Bank

Property Taxes

Property Taxes

Parcel Number
A-10-29-18-3IV-000000-00013.1
Land Assessment
$100
Improvements Assessment
$1,182,300
Total Assessment
$1,182,400
  • Listing ID: 41885819

  • Date on Market: 8/26/2026

  • Last Updated:

  • Address: 4302 N Armenia Ave, Tampa, FL 33607

Contact the Sale Advisor

4302 N Armenia Ave

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