KFC 20 Year NNN Lease | Rare Corporate Guarantee

120 W Mitchell Hammock Rd, Oviedo, FL 32765, USA
$3,499,000

Description

Marcus & Millichap is pleased to present for sale this Kentucky Fried Chicken Restaurant with Drive Thru located at 120 W. Mitchell Hammock Road in Oviedo, Florida. Oviedo is a city in Seminole County Florida with a rapidly growing population of over 33,000 residents. It is part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area. With its proximity to University of Central Florida and the Central Florida Research, it has been ranked as one of the best places to live in the United States.
Located just 10 minutes from this Kentucky Fried Chicken Store is the University of Central Florida with over 66,183 students. Nine Minutes away is Seminole State College with 7,000 enrolled students. Only four minutes from this property is Oviedo Medical Center with 64 beds. Oviedo Mall, a 92-acre mall property into a mixed-use space with 250 luxury apartments in the Old Macy’s spot and 175 apartments for the 55 and older community, and a 124-room hotel with entertainment options, is only a few minutes from this KFC.
The area surrounding this Kentucky Fried Chicken Restaurant is home to numerous housing developments including Alafaya Woods, Whispering Woods, Aloma Woods, Riverwind Apartments, Twin Rivers, Waverlee Woods and Bear Creek. newer subdivisions include Oviedo Forest, Oviedo Gardens (with 75 sold out homes) Providence, Clayton’s Crossing, Stratford Green, The Trails, Live Oak Reserve (933 sold out Homesites in 16 Villages) and Aulin’s Landing of Oviedo with 48 sold out Homesites. This site is also minutes from Oviedo on the Park, a 44 acre mixed-used development project consisting of 277 brand new Class A apartments, restaurants, food halls, retail, exercise trails, dog parks, a $9 million 5-acre community park, and event filled Amphitheater.
KFC, also known as Kentucky Fried Chicken, is an American fast food restaurant chain headquartered in Louisville, Kentucky, that specializes in fried chicken. It is the world’s second-largest restaurant chain (as measured by sales) after McDonald’s, with 24,000 locations globally in 145 countries and territories. The chain is a subsidiary of Yum! Brands, a restaurant company that also owns Pizza Hut, Taco Bell, and WingStreet Chains.

  • Rare Corporate Guaranteed KFC Restaurant with Drive Thru | Fee Simple Ownership
  • 20 Year NNN Lease | 10% Increases Every 5 Years | Very Low Rent
  • Average Household Income Exceeds $111,000 in a Three Mile Radius
  • Located in Oviedo, Florida Part of The Orlando-Kissimmee-Sanford Metropolitan Area with a Population Over 2,208,147
  • Minutes from Oviedo on the Park, a 44 acre Mixed-Used Development Project Consisting of 277 Brand New Class A Apartments, Restaurants, Food halls, Retail, Exercise Trails, Dog Parks, a $9 Million 5-Acre Community Park, and Event Filled Amphitheater
  • Located in Close Proximity to University of Central Florida With 66,183 Students and Seminole State College with Over 7,000 Students
  • Property located Minutes from Oviedo Mall (92-Acres) Undergoing Redevelopment with 250 Luxury Apartments, 175 Apartments 55 and Older, and 124-Room Hotel Complex
  • Kentucky Fried Chicken is World’s Second Largest Restaurant Chain (as Measured by Sales) After McDonald’s
  • Florida is a No Income tax State

Property Documents

  • City: Oviedo
  • State/county: Florida
  • Zip/Postal Code: 32765
  • Country: United States

Detail

  • Price: $3,499,000
  • Year Built: 2021

Additional details

  • CAP RATE: 3.60%
  • NOI: $126,000

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