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Restaurant

KFC Corporate NNN Ground Lease

2491 N University Dr, Sunrise, FL 33322

Listing Price: $2,100,000

Cap Rate
4.01%
Tenant Name
KFC
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
2,704
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.12

Investment Overview

Marcus & Millichap is pleased to present for sale a KFC Corporate NNN Ground Lease located in Sunrise, FL which is centrally located in the Miami-Fort Lauderdale-West Palm Beach Metropolitan Statistical Area (MSA). The subject is an approximate 2,704-square foot, single-tenant building built in 1999 on approximately .85 acres of land. The existing lease has 5.33 +/- years remaining and contains four, five-year renewal options with 10% rent escalations every five years.

Investment Highlights

  • KFC NNN Ground Lease with a KFC Corporate Guarantee
  • Seasoned Location with a 25 Year +/- Track Record
  • Located in the Miami-Fort Lauderdale-West Palm Beach Metropolitan Statistical Area (MSA) which is the Largest MSA in the Fastest Growing State in the Nation (U.S. Census Bureau December, 2022).

Exclusively Listed By

Restaurant

KFC Corporate NNN Ground Lease

Listing Price: $2,100,000

Cap Rate
4.01%
Tenant Name
KFC
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
2,704
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.12

Investment Highlights

  • KFC NNN Ground Lease with a KFC Corporate Guarantee
  • Seasoned Location with a 25 Year +/- Track Record
  • Located in the Miami-Fort Lauderdale-West Palm Beach Metropolitan Statistical Area (MSA) which is the Largest MSA in the Fastest Growing State in the Nation (U.S. Census Bureau December, 2022).

Investment Overview

Marcus & Millichap is pleased to present for sale a KFC Corporate NNN Ground Lease located in Sunrise, FL which is centrally located in the Miami-Fort Lauderdale-West Palm Beach Metropolitan Statistical Area (MSA). The subject is an approximate 2,704-square foot, single-tenant building built in 1999 on approximately .85 acres of land. The existing lease has 5.33 +/- years remaining and contains four, five-year renewal options with 10% rent escalations every five years.

Exclusively Listed By

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