Restaurant

Pizza Hut/KFC

6607 W Colonial Dr, Orlando, FL 32818

Listing Price: $3,197,257

Cap Rate
5.25%
Tenant Name
CFL Pizza, LLC
Gross SF
3,105
Guarantor
Franchisee Guarantee
Rentable SF
3,105
Price/Gross SF
$1,029.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.06

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut / KFC located at 6607 West Colonial Drive in Orlando, FL. The site will consist of roughly 3,105 rentable square feet of building space on estimated 0.69-acre parcel of land. The Pizza Hut / KFC is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $167,856 and is scheduled to increase by two percent (2.00%) annually starting year six (6) throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Lease Commencement Upon Close of Escrow
  • Two Percent (2.00%) Rental Increases Annually Starting Year Six (6)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Listing Price: $3,197,257

Cap Rate
5.25%
Tenant Name
CFL Pizza, LLC
Gross SF
3,105
Guarantor
Franchisee Guarantee
Rentable SF
3,105
Price/Gross SF
$1,029.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.06

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Lease Commencement Upon Close of Escrow
  • Two Percent (2.00%) Rental Increases Annually Starting Year Six (6)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut / KFC located at 6607 West Colonial Drive in Orlando, FL. The site will consist of roughly 3,105 rentable square feet of building space on estimated 0.69-acre parcel of land. The Pizza Hut / KFC is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $167,856 and is scheduled to increase by two percent (2.00%) annually starting year six (6) throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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