This rare dual branded location includes both Taco Bell and KFC. It is well located and maintained, and is on an absolute triple net lease. There are no Landlord responsibilities. The building square footage totals 3,405, with almost a 40,000 square foot lot. The current lease expires on February 28, 2033, with the tenant having two additional 5-year options. The lease is guaranteed by KBP Foods, LLC. They operate restaurants in 32 States, have over 20,000+ employees, and operate over 1,100 QSR restaurants and do over $1 Billion a year is sales volume.
* 5.5% Cap Rate
* Located in Tampa, the 4th largest MSA in the Southeast
* 10% rent increases every 5 years (Next bump is in March 2028)
* Densely populated area with over 137,000 people within 3 miles
* Florida is a tax-free income state