4659 FL-46 - Fast Food FOR SALE


Sanford, FL 32771
$3,250,000 USD
480-221-4221
4659 FL-46, Sanford, FL for Sale
$3,250,000 USD
Fast Food - FOR SALE
1/9
null | 4% Cap Rate

4659 FL-46
Sanford, FL 32771


HIGHLIGHTS

  • 13+ Years Remaining | Options To Extend | Corporate Signature |Scheduled 10% Rental Increases | 2023 Construction
  • Absolute NNN Ground Lease | Zero Landlord Responsibilities
  • Signalized, Hard-Corner Location | Prime Retail Node
  • Dense Trade Area | Affluent Demographics

OVERVIEW

• The tenant, KFC Corporation, has over 13 years remaining on the lease with five (5) additional 5-year renewal options, providing long-term income security • The lease features scheduled 10% rental increases every five years throughout the primary term and at the beginning of each option period, driving NOI growth and providing a built-in hedge against inflation • KFC Corporation is a wholly owned subsidiary of Yum! Brands, Inc. (NYSE: YUM), one of the largest and most financially secure restaurant operators in the U.S., generating $7.55 billion in 2024 revenue • Constructed in 2023, the property features high-quality materials and modern finishes throughout

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$1,161 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC | 13+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

CROSS STREETS

FL-46 and Town Center Blvd

LAND ACRES

0.99 AC

LAND SF

42,952 SF

ZONING

PD

APN/PARCEL ID

29-19-30-519-0000-0020

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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