Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a net leased investment consisting of a KFC quick service restaurant. It is located on Regency Square Blvd N, which is a key thoroughfare in Jacksonville’s Regency/Southside area of Florida. This KFC is subject to an absolute triple net lease with approximately 15+ years remaining, with four (4) 5-year options to extend, offering a long-term income stream. It is a well-established store that has operated at this location since 2015. The offering provides significant long-term value as the rent is at a low price point compared to similar QSR leases. The subject property features a 2,442 SF building constructed in 2015. It is situated on a 0.88 AC parcel of land. The site includes a drive-thru, two access points, excellent visibility, ample parking, and high-visibility signage along Regency Square Blvd N (9,000+ VPD). It is located a stone’s throw from FL 113 (Southside Connector), which carries over 30,000 vehicles per day. This KFC is in the neighborhood’s primary retail corridor, benefiting from strong traffic counts along major routes and immediate co-tenancy with neighboring retailers including Home Depot, Target, and Lowe’s. The area has a population of 90,718 within a 3-mile radius and 212,659 within a 5-mile radius, with AHHIs of $77,503 and $86,104, respectively. Jacksonville is one of the fastest-growing metropolitan areas in the United States, and the immediate Regency area is poised for significant growth due to the major redevelopment of the nearby Regency Square Mall into The Nexus at Regency, a large-scale mixed-use project featuring new multifamily housing units, retail, offices, and entertainment spaces. Ongoing development and revitalization efforts in the Southside corridor are contributing to continued growth and increased housing density in this expanding area. KFC—a wholly owned subsidiary of YUM! Brands Inc.—is one of the world’s largest quick service restaurant chains, with over 4,000 U.S. locations and 32,000 stores globally. Backed by a BB+ credit rating (S&P) and over $34 billion in annual system-wide sales, the brand offers institutional-grade investment security. This site is operated under guarantee from Tasty Restaurant Group, a leading multi-brand operator with over 400 restaurants across KFC and other major QSR concepts, underscoring its strategic importance and long-term commitment to this location.