• An Award Winning Net Lease & Retail Commercial Real Estate Group

Description

Marcus & Millichap is pleased to present this KFC located at 4337 Lafayette St, Marianna, FL 32446. The subject property is a 1,872 square-foot single tenant building on 0.95 acres of land. It is a 17-Year Absolute-net (NNN) Sale-Leaseback with no Landlord responsibilities. The offering provides base rent with 1.5 percent annual increases. This property is located just a few blocks from the central commerce area of the town. This asset is situated next to the local movie theaters with neighboring tenants such as Pizza Hut and Firestone. There is a mixture of regional and national tenants which include Dollar General, Family Dollar, Waffle House, McDonalds, Wendy’s and Sonic Drive-In in the area. KFC (the name was originally an initialism for Kentucky Fried Chicken) is a fast food restaurant chain that specializes in fried chicken and is headquartered in Louisville, Kentucky, in the United States. It is the world’s second largest restaurant chain (as measured by sales) after McDonald’s, with 18,875 outlets in 118 countries and territories as of December 2013. The company is a subsidiary of Yum! Brands, a restaurant company that also owns the Pizza Hut and Taco Bell chains.

■ BRAND NEW 17 YEAR NNN LEASE
■ HIGH VOLUME TRAFFIC COUNTS EXCEEDING 41,000 VEHICLES EACH DAY
■ ABUNDANCE OF TENANTS IN CLOSE PROXIMITY INCLUDE SIMPLY
YOU MED SPA, DERMATOLOGY SPECIALISTS OF FLORIDA, FLORIDA
FARM BUREAU INSURANCE, FIRESTONE AUTO CARE, PELT EYE CLINIC,
MARIANNA CINEMAS AND YOLO AUTOMOTIVE
■ PRICED BELOW REPLACEMENT COST

 

Property Documents

  • City: Marianna
  • State/county: Florida
  • Country: United States

Detail

  • Price: $735,636

Additional details

  • CAP Rate: 5.50%
  • NOI: $40,460

Features