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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
* 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
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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.
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 |
Nearby Major Retailers
Property Taxes
| Parcel Number | A-10-29-18-3IV-000000-00013.1 | Improvements Assessment | $1,182,300 |
| Land Assessment | $100 | Total Assessment | $1,182,400 |
Property Taxes
Contact the Sale Advisor
4302 N Armenia Ave



