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KFC 15 Year Absolute NNN Lease

2482 US-331, Defuniak Springs, FL 32435, USA
$1,191,591

Description

Marcus & Millichap is pleased to present for sale this fee simple, absolute net lease KFC in Defuniak Springs, Florida just a short drive west of Panama City and the same distance East of Pensacola in the Florida pan-handle and is considered a principal city of the Fort Walton Beach-Crestview-Destin Metropolitan Statistical Area.
It is a 15-Year lease with no landlord responsibilities. The offering provides seven percent increases, every three years, including diring the four five-years option periods.
Fronting US Highway 331 just off Interstate-10, this offering consists of a large 3,045 square foot building with full service drive up window with ample parking and is situated on an oversized 45,080 square foot parcel featuring easy access and excellent visibility to daily traffic counts in excess of 17,574 vehicles daily.
This site is surrounded by numerous national and regional retail tenants including; Beall’s Outlet, Winn Dixie, Walmart Super Center, Dollar tree, SunTrust, Whataburger, Tractor Supply, Sunoco and McDonald’s to name a few.
KFC, also known as Kentucky Fried Chicken, is an American fast food restaurant chain that specializes in fried chicken, founded by Harland Sanders on March 20, 1930 in North Corbin, Kentucky, United States. It is the world’s second-largest restaurant chain (as measured by sales) after McDonald’s, with almost 20,952 locations globally in 123 countries and territories.

  • Absolute Net Lease “No Landlord Responsibilities“
  • 15 Year Absolute NNN Lease with Rare 7% Increases Every Three Years
  • Front US Highway 331 and is Adjacent to a Whataburger and McDonalds
  • Traffic Counts Exceed 17,574 Vehicles Per Day
  • Average HHI of $56,693, Annually
  • Florida is a No Income Tax State

Property Documents

  • City: Defuniak Springs
  • State/county: Florida
  • Zip/Postal Code: 32435
  • Country: United States

Detail

  • Price: $1,191,591

Additional details

  • CAP Rate: 5.50%
  • NOI: $65,538

Features