12 N Washington Ave - Fast Food FOR SALE


Titusville, FL 32796
$1,700,000 USD
424-405-3829
12 N Washington Ave, Titusville, FL for Sale
$1,700,000 USD
Fast Food - FOR SALE
1/10
null | 5.17% Cap Rate

12 N Washington Ave
Titusville, FL 32796


HIGHLIGHTS

  • Dark Corporate-Guaranteed KFC - 12 Years Remaining on Absolute NNN Lease
  • Space Coast, Titusville FL – Major Hub for Aerospace & Tourism
  • 12,632 SF Signalized Corner Intersection – U.S. Route 1 at Garden Street
  • Existing QSR Drive-Thru with Two Points of Ingress/Egress
  • Excellent Location and Visibility – Approximately 21,000 Vehicles per Day
  • Rare Opportunity Offering Secure Income with Long-Term Repositioning Upside

OVERVIEW

This offering presents the opportunity to acquire a dark corporate-guaranteed KFC with 12 years remaining on an absolute NNN lease. Located at the signalized intersection of U.S. Route 1 at Garden Street in Titusville, Florida, the site is situated in the heart of “Space Coast”, benefitting from its proximity to Cape Canaveral and the surrounding space industry. This sale offers the rare opportunity to purchase a property with secure income as well as long-term upside through repositioning the asset. The subject property, located at 12 North Washington Avenue, consists of a single parcel totaling 12,632 square feet of land (0.29 acres). The site has been improved with a 1,936 square foot QSR restaurant with a drive through. Constructed with a typical QSR layout, the building features a kitchen/back-of-house area, indoor dining room, signage, and all associated infrastructure. The property features a concrete-paved drive-thru and parking area as well as attractive, low-maintenance landscaping. The site is situated within Titusville’s core commercial district at the signalized intersection of U.S. Route 1 (North Washington Avenue) and Garden Street. The property features two access points allowing for efficient circulation of vehicles and access to the drive thru as well as convenient access to the site from northbound/southbound traffic on U.S. Route 1 and eastbound/westbound traffic on Garden Street. The property benefits from its position within the Space Coast region, home to the Kennedy Space Center and a rapidly expanding aerospace and technology economy. The state of Florida offers a state-income-tax free environment. Titusville continues to attract significant investment and population growth driven by the aerospace sector and tourism. The area’s ongoing development and strong fundamentals offer upside potential for both investors and owner/users. 12 North Washington Avenue presents the opportunity to acquire a corporately backed KFC absolute NNN leased property with 12 years of remaining term. The asset offers dependable income and long-term upside potential through repositioning the property.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$878 USD /SF

CAP RATE

5.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dark Corporate KFC - 12 Years Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

DMU

APN/PARCEL ID

21-35-34-00-00513.0-0000.00

ASK ABOUT THIS PROPERTY

Derek L. CaldwellMarcus & Millichap - Caldwell Industrial TeamMore Info
424-405-3829

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Derek L. CaldwellMarcus & Millichap - Caldwell Industrial TeamMore Info
424-405-3829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.