KFC/Taco Bell Absolute NNN Lease | 18+ Years Remaining

8242 Little Rd, New Port Richey, FL 34654, USA
$3,823,844

Description

Marcus & Millichap is pleased to present for sale this Kentucky Fried Chicken / Taco Bell Restaurant with drive thru located 8242 Little Road in New Port Richey, Florida. New Port Richey is a beautiful Florida city located along the Gulf of Mexico and only 35 miles from Tampa. New Port Richey has a booming population of over 16,223 and is considered part of the Tampa Bay Area, a popular tourist destination with major attractions, recreation, sports and culture. New Port Richey is included in the Tampa-St. Petersburg-Clearwater Florida Metropolitan Statistical Area with a population of over 3,142,663 people.
This KFC is located les than ten minutes from Morton Plant North Bay Hospital with 154 Beds and twelve minutes from Keiser University with over 17,490 Enrolled Students in over 100 Degree Programs. A shore drive from this property is a brand-new collection of townhomes called Lennar at Ventana at Waters Edge. This brand Lennar built community consists of a collection of 190
new townhomes with close proximity to the Gulf Coast’s beautiful beaches and premier shopping at Tampa’s Premier Outlets. These state-of-the-art townhomes are quickly selling out.
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 the Pizza Hut, Taco Bell, and WingStreet chains.
Value Foodservices LLC operates and owns stores in the quickservice restaurant industry. VFS currently owns and operates 50 Kentucky Fried Chicken restaurants, some of which are co-branded
restaurants with Taco Bell and Pizza Hut. VFS plans to own and operate several hundred restaurants over time. VFS is owned by Blackbern Partners, LLC, a private equity firm.

  • KFC / Taco Bell Long Term Absolute NNN Lease
  • Strong Intrinsic Value: 3,104 Square Foot Drive Thru Restaurant on a 1.69 Acre Parcel Of Land
  • Hard Corner Signalized Intersection: Traffic Counts Exceed 56,000+ Vehicles Per Day
  • Located next to a busy Lowe’s Home Improvement Center and across the street from a Kohl’s ad Home Depot
  • Located in booming New Port Richey, Florida included in Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area Population 3,142,663
  • Less than ten Minutes from Morton Plant North Bay Hospital With 154 Beds and twelve minutes from Keiser University with 17,490 Enrolled Students in 100 Degree Programs
  • Kentucky Fried Chicken is World’s Second Largest Restaurant Chain (Measured by Sales) after McDonald’s with 24,000 Locations Globally in 145 Countries and Territories
  • Florida is a No Income Tax State

Property Documents

  • City: New Port Richey
  • State/county: Florida
  • Zip/Postal Code: 34654
  • Country: United States

Detail

  • Price: $3,823,844
  • Year Built: 2005

Additional details

  • CAP RATE: 4.50%
  • NOI: $172,073

Features