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Restaurant

KFC NNN Long Term Lease

1805 US-1, St. Augustine, FL 32084

Listing Price: $3,490,000

Cap Rate
4.12%
Tenant Name
KFC
Years Remaining On Lease
17.2
Gross SF
2,900
Guarantor
Corporate Guarantee
Rentable SF
2,900
Price/Gross SF
$1,203.45
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.60

Investment Overview

Marcus & Millichap is pleased to present for sale this Kentucky Fried
Chicken Restaurant with drive thru located at 1805 US Highway 1 South
in St. Augustine, Florida. Saint Augustine is a beautiful city on the Atlantic
Coast of northeastern Florida with a population of over 13,000 people.
Thousands of tourists travel to St. Augustine each year for its rich history
as it is the oldest continually inhabited European established settlement
in the United States. This rare corporate backed KFC has more than 17
years on the base term of the lease with two (five year) options to extend.
KFC occupies a large 2,966 square foot restaurant and is situated at the
signalized entrance to a Marshalls, Tuesday Morning, and ALDI Grocery
Anchored Power Center. This restaurant has very high visibility as it
is located less than 600 feet from the signalized intersection of Dixie
Highway and Highway 312 which experiences traffic counts exceeding
63,500 vehicles per day. Saint Augustine College is only a six minute
drive and has more than 2,501 enrolled students, Flagler college with
more than 2,000 students and Saint Johns River College with more
than 5,000 students are both a short 10 minute drive from this property.
Flagler Hospital which is less than five minutes from this KFC has 335
beds and is a Center for Excellence in Bariatrics, Cancer, Heart and
Maternity. Several shopping malls are located only minutes from this KFC
including Cobblestone Village, Riverside Court and Lewis Point Plaza.
Many brand new home communities surround this KFC restaurant. Only
nine minutes from the property is KB Homes Orchard Park Townhomes
with 150 sold out townhomes. Treaty Oaks new home development by
Richmond Homes is also 10 minutes away with 130 already sold new
homes.
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.

Investment Highlights

  • Very Rare Corporate Backed KFC Restaurant with Drive Thru
  • More than 17 Years Remaining on the Base Term of the Lease
  • Signalized Entrance to a Marshalls, Tuesday Morning and Aldi Anchored Center
  • Exposure to more than 63,500 Vehicles per Day
  • Less than 5 Minutes Away from Flagler Hospital with 335 Beds
  • Multiple Colleges a Short 10 Minute Drive from this Property

Exclusively Listed By

Restaurant

KFC NNN Long Term Lease

Listing Price: $3,490,000

Cap Rate
4.12%
Tenant Name
KFC
Years Remaining On Lease
17.2
Gross SF
2,900
Guarantor
Corporate Guarantee
Rentable SF
2,900
Price/Gross SF
$1,203.45
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.60

Investment Highlights

  • Very Rare Corporate Backed KFC Restaurant with Drive Thru
  • More than 17 Years Remaining on the Base Term of the Lease
  • Signalized Entrance to a Marshalls, Tuesday Morning and Aldi Anchored Center
  • Exposure to more than 63,500 Vehicles per Day
  • Less than 5 Minutes Away from Flagler Hospital with 335 Beds
  • Multiple Colleges a Short 10 Minute Drive from this Property

Investment Overview

Marcus & Millichap is pleased to present for sale this Kentucky Fried
Chicken Restaurant with drive thru located at 1805 US Highway 1 South
in St. Augustine, Florida. Saint Augustine is a beautiful city on the Atlantic
Coast of northeastern Florida with a population of over 13,000 people.
Thousands of tourists travel to St. Augustine each year for its rich history
as it is the oldest continually inhabited European established settlement
in the United States. This rare corporate backed KFC has more than 17
years on the base term of the lease with two (five year) options to extend.
KFC occupies a large 2,966 square foot restaurant and is situated at the
signalized entrance to a Marshalls, Tuesday Morning, and ALDI Grocery
Anchored Power Center. This restaurant has very high visibility as it
is located less than 600 feet from the signalized intersection of Dixie
Highway and Highway 312 which experiences traffic counts exceeding
63,500 vehicles per day. Saint Augustine College is only a six minute
drive and has more than 2,501 enrolled students, Flagler college with
more than 2,000 students and Saint Johns River College with more
than 5,000 students are both a short 10 minute drive from this property.
Flagler Hospital which is less than five minutes from this KFC has 335
beds and is a Center for Excellence in Bariatrics, Cancer, Heart and
Maternity. Several shopping malls are located only minutes from this KFC
including Cobblestone Village, Riverside Court and Lewis Point Plaza.
Many brand new home communities surround this KFC restaurant. Only
nine minutes from the property is KB Homes Orchard Park Townhomes
with 150 sold out townhomes. Treaty Oaks new home development by
Richmond Homes is also 10 minutes away with 130 already sold new
homes.
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.

Exclusively Listed By

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