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Restaurant

KFC Taco Bell NNN 7% Increases every 3 years

8242 Little Rd, New Port Richey, FL 34654

Listing Price: $3,823,844

Cap Rate
4.50%
Tenant Name
KFC
Years Remaining On Lease
18.0
Gross SF
3,104
Guarantor
Franchisee Guarantee
Rentable SF
3,104
Price/Gross SF
$1,231.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.44

Investment Overview

Marcus & Millichap is pleased to present for sale this Kentucky
Fried Chicken Restaurant with drive thru located 8242 Little Road
in New Port Richey, Florida. New Port Richey is a beautiful Florida
city located along the Gulf of Mexico and only 35 miles from Tampa.
New Port Richey has a booming population of over 16,223 and is
considered part of the Tampa Bay Area, a popular tourist destination
with major attractions, recreation, sports and culture. New Port
Richey is included in the Tampa-St. Petersburg-Clearwater Florida
Metropolitan Statistical Area with a population of over 3,142,663
people.
This KFC is located les than ten minutes from Morton Plant
North Bay Hospital with 154 Beds and twelve minutes from
Keiser University with over 17,490 Enrolled Students in over 100
Degree Programs. A shore drive from this property is a brand-new
collection of townhomes called Lennar at Ventana at Waters Edge.
This brand Lennar built community consists of a collection of 190
new townhomes with close proximity to the Gulf Coasts beautiful
beaches and premier shopping at Tampas Premier Outlets. These
state-of-the-art townhomes are quickly selling out.
KFC, also known as Kentucky Fried Chicken, is an American fast
food restaurant chain headquartered in Louisville, Kentucky,
that specializes in fried chicken. It is the worlds second-largest
restaurant chain (as measured by sales) after McDonalds, with
24,000 locations globally in 145 countries and territories. The chain
is a subsidiary of Yum! Brands, a restaurant company that also owns
the Pizza Hut, Taco Bell, and WingStreet chains.
Value Foodservices LLC operates and owns stores in the quickservice
restaurant industry. VFS currently owns and operates 50
Kentucky Fried Chicken restaurants, some of which are co-branded
restaurants with Taco Bell and Pizza Hut. VFS plans to own and
operate several hundred restaurants over time. VFS is owned by
Blackbern Partners, LLC, a private equity firm.

Investment Highlights

  • KFC Long Term Absolute NNN Lease
  • Strong Intrinsic Value: 3,104 Square Foot Drive Thru Restaurant on a 1.69 Acre Parcel
  • Hard Corner Signalized Intersection: Traffic Counts Exceed 56,000+ Vehicles Per Day
  • Located next to a busy Lowes Home Improvement Center
  • Located in booming New Port Richey, Florida included in Tampa-St. Petersburg-Clearwat
  • Florida is a No Income Tax State

Exclusively Listed By

Restaurant

KFC Taco Bell NNN 7% Increases every 3 years

Listing Price: $3,823,844

Cap Rate
4.50%
Tenant Name
KFC
Years Remaining On Lease
18.0
Gross SF
3,104
Guarantor
Franchisee Guarantee
Rentable SF
3,104
Price/Gross SF
$1,231.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.44

Investment Highlights

  • KFC Long Term Absolute NNN Lease
  • Strong Intrinsic Value: 3,104 Square Foot Drive Thru Restaurant on a 1.69 Acre Parcel
  • Hard Corner Signalized Intersection: Traffic Counts Exceed 56,000+ Vehicles Per Day
  • Located next to a busy Lowes Home Improvement Center
  • Located in booming New Port Richey, Florida included in Tampa-St. Petersburg-Clearwat
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this Kentucky
Fried Chicken Restaurant with drive thru located 8242 Little Road
in New Port Richey, Florida. New Port Richey is a beautiful Florida
city located along the Gulf of Mexico and only 35 miles from Tampa.
New Port Richey has a booming population of over 16,223 and is
considered part of the Tampa Bay Area, a popular tourist destination
with major attractions, recreation, sports and culture. New Port
Richey is included in the Tampa-St. Petersburg-Clearwater Florida
Metropolitan Statistical Area with a population of over 3,142,663
people.
This KFC is located les than ten minutes from Morton Plant
North Bay Hospital with 154 Beds and twelve minutes from
Keiser University with over 17,490 Enrolled Students in over 100
Degree Programs. A shore drive from this property is a brand-new
collection of townhomes called Lennar at Ventana at Waters Edge.
This brand Lennar built community consists of a collection of 190
new townhomes with close proximity to the Gulf Coasts beautiful
beaches and premier shopping at Tampas Premier Outlets. These
state-of-the-art townhomes are quickly selling out.
KFC, also known as Kentucky Fried Chicken, is an American fast
food restaurant chain headquartered in Louisville, Kentucky,
that specializes in fried chicken. It is the worlds second-largest
restaurant chain (as measured by sales) after McDonalds, with
24,000 locations globally in 145 countries and territories. The chain
is a subsidiary of Yum! Brands, a restaurant company that also owns
the Pizza Hut, Taco Bell, and WingStreet chains.
Value Foodservices LLC operates and owns stores in the quickservice
restaurant industry. VFS currently owns and operates 50
Kentucky Fried Chicken restaurants, some of which are co-branded
restaurants with Taco Bell and Pizza Hut. VFS plans to own and
operate several hundred restaurants over time. VFS is owned by
Blackbern Partners, LLC, a private equity firm.

Exclusively Listed By

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