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4312 US Highway 19
New Port Richey, FL 34652
KFC/Taco Bell · Retail Property For Sale
Executive Summary
Foundry Commercial is pleased to offer for sale KFC/Taco Bell (the “Offering”) consisting of a 3,258 SF, NNN-leased, drive-through building currently leased to FQSR, LLC d/b/a KBP Food, LLC. The tenant has leased the property for over 25 years and recently renewed for an additional 10 years with three successive 5-year renewal options at 10% annual increases. The site benefits from its location along a major commercial thoroughfare with massive traffic counts of over 64,000 vehicle per day along Highway 19. Additionally, the building is situated as an outparcel to the Sam’s Club with shared ingress/egress. Other neighboring retailers include Sam’s Club, Denny’s, 7-Eleven, Bank of America, Wendy’s, IHOP, Publix, TJ Maxx, Wawa, and more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,258 SF
Building Class
C
Year Built
1999
Price
$2,625,000
Price Per SF
$805.71
Cap Rate
5.50%
NOI
$144,472
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.77 AC
Zoning
C2 - General Commercial
Parking
30 Spaces (9.21 Spaces per 1,000 SF Leased)
Frontage
190’ on US Highway 19
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 18-26-16-0000-01500-0000 | Improvements Assessment | $699,657 |
| Land Assessment | $348,338 | Total Assessment | $1,047,995 |
Property Taxes
Parcel Number
18-26-16-0000-01500-0000
Land Assessment
$348,338
Improvements Assessment
$699,657
Total Assessment
$1,047,995
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