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KFC | 13+yrs Remain Corp Abs NNN 4659 FL-46 2,320 SF Retail Building Sanford, FL 32771 $3,250,000 ($1,400.86/SF) 4% Cap Rate
Investment Highlights
- 13+ Years Remaining | Options To Extend | Corporate Signature |Scheduled 10% Rental Increases | 2023 Construction
- Signalized, Hard-Corner Location | Prime Retail Node
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Dense Trade Area | Affluent Demographics
Executive Summary
• The tenant, KFC Corporation, has over 13 years remaining on the lease with five (5) additional 5-year renewal options, providing long-term income security
• The lease features scheduled 10% rental increases every five years throughout the primary term and at the beginning of each option period, driving NOI growth and providing a built-in hedge against inflation
• KFC Corporation is a wholly owned subsidiary of Yum! Brands, Inc. (NYSE: YUM), one of the largest and most financially secure restaurant operators in the U.S., generating $7.55 billion in 2024 revenue
• Constructed in 2023, the property features high-quality materials and modern finishes throughout
• The lease features scheduled 10% rental increases every five years throughout the primary term and at the beginning of each option period, driving NOI growth and providing a built-in hedge against inflation
• KFC Corporation is a wholly owned subsidiary of Yum! Brands, Inc. (NYSE: YUM), one of the largest and most financially secure restaurant operators in the U.S., generating $7.55 billion in 2024 revenue
• Constructed in 2023, the property features high-quality materials and modern finishes throughout
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,320 SF
Building Class
B
Year Built
2023
Price
$3,250,000
Price Per SF
$1,400.86
Cap Rate
4%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.99 AC
Zoning
PD - Planned Development
Parking
14 Spaces (6.03 Spaces per 1,000 SF Leased)
Frontage
208’ on Florida 46
Amenities
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 10
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