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Restaurant

KFC 20 Year Corporate Backed Lease

120 W Mitchell Hammock Rd, Oviedo, FL 32765

Listing Price: $3,499,000

Cap Rate
3.60%
Tenant Name
KFC
Years Remaining On Lease
20.0
Gross SF
2,883
Guarantor
Corporate Guarantee
Rentable SF
2,883
Price/Gross SF
$1,213.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.70

Investment Overview

Marcus & Millichap is pleased to present for sale this Kentucky Fried
Chicken Restaurant with Drive Thru located at 120 W. Mitchell Hammock
Road in Oviedo, Florida. Oviedo is a city in Seminole County Florida
with a rapidly growing population of over 33,000 residents. It is part of
the Orlando-Kissimmee-Sanford Metropolitan Statistical Area. With its
proximity to University of Central Florida and the Central Florida Research,
it has been ranked as one of the best places to live in the United States.
Located just 10 minutes from this Kentucky Fried Chicken Store is the
University of Central Florida with over 66,183 students. Nine Minutes
away is Seminole State College with 7,000 enrolled students. Only four
minutes from this property is Oviedo Medical Center with 64 beds. Oviedo
Mall, a 92-acre mall property into a mixed-use space with 250 luxury
apartments in the Old Macys spot and 175 apartments for the 55 and
older community, and a 124-room hotel with entertainment options, is
only a few minutes from this KFC.
The area surrounding this Kentucky Fried Chicken Restaurant is home to
numerous housing developments including Alafaya Woods, Whispering
Woods, Aloma Woods, Riverwind Apartments, Twin Rivers, Waverlee
Woods and Bear Creek. newer subdivisions include Oviedo Forest,
Oviedo Gardens (with 75 sold out homes) Providence, Claytons Crossing,
Stratford Green, The Trails, Live Oak Reserve (933 sold out Homesites in
16 Villages) and Aulins Landing of Oviedo with 48 sold out Homesites.
This site is also minutes from Oviedo on the Park, a 44 acre mixed-used
development project consisting of 277 brand new Class A apartments,
restaurants, food halls, retail, exercise trails, dog parks, a $9 million
5-acre community park, and event filled Amphitheater.
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 Pizza Hut, Taco Bell, and WingStreet
Chains.

Investment Highlights

  • Rare Corporate Guaranteed KFC Restaurant with Drive Thru | Fee Simple Ownership
  • 20 Year NNN Lease | 10% Increases Every 5 Years | Very Low Rent
  • Average Household Income Exceeds $111,000 in a Three Mile Radius
  • Located in Close Proximity to University of Central Florida With 66,183 Students
  • Florida is a No Income tax State
  • Kentucky Fried Chicken is Worlds Second Largest Restaurant Chain

Exclusively Listed By

Restaurant

KFC 20 Year Corporate Backed Lease

Listing Price: $3,499,000

Cap Rate
3.60%
Tenant Name
KFC
Years Remaining On Lease
20.0
Gross SF
2,883
Guarantor
Corporate Guarantee
Rentable SF
2,883
Price/Gross SF
$1,213.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.70

Investment Highlights

  • Rare Corporate Guaranteed KFC Restaurant with Drive Thru | Fee Simple Ownership
  • 20 Year NNN Lease | 10% Increases Every 5 Years | Very Low Rent
  • Average Household Income Exceeds $111,000 in a Three Mile Radius
  • Located in Close Proximity to University of Central Florida With 66,183 Students
  • Florida is a No Income tax State
  • Kentucky Fried Chicken is Worlds Second Largest Restaurant Chain

Investment Overview

Marcus & Millichap is pleased to present for sale this Kentucky Fried
Chicken Restaurant with Drive Thru located at 120 W. Mitchell Hammock
Road in Oviedo, Florida. Oviedo is a city in Seminole County Florida
with a rapidly growing population of over 33,000 residents. It is part of
the Orlando-Kissimmee-Sanford Metropolitan Statistical Area. With its
proximity to University of Central Florida and the Central Florida Research,
it has been ranked as one of the best places to live in the United States.
Located just 10 minutes from this Kentucky Fried Chicken Store is the
University of Central Florida with over 66,183 students. Nine Minutes
away is Seminole State College with 7,000 enrolled students. Only four
minutes from this property is Oviedo Medical Center with 64 beds. Oviedo
Mall, a 92-acre mall property into a mixed-use space with 250 luxury
apartments in the Old Macys spot and 175 apartments for the 55 and
older community, and a 124-room hotel with entertainment options, is
only a few minutes from this KFC.
The area surrounding this Kentucky Fried Chicken Restaurant is home to
numerous housing developments including Alafaya Woods, Whispering
Woods, Aloma Woods, Riverwind Apartments, Twin Rivers, Waverlee
Woods and Bear Creek. newer subdivisions include Oviedo Forest,
Oviedo Gardens (with 75 sold out homes) Providence, Claytons Crossing,
Stratford Green, The Trails, Live Oak Reserve (933 sold out Homesites in
16 Villages) and Aulins Landing of Oviedo with 48 sold out Homesites.
This site is also minutes from Oviedo on the Park, a 44 acre mixed-used
development project consisting of 277 brand new Class A apartments,
restaurants, food halls, retail, exercise trails, dog parks, a $9 million
5-acre community park, and event filled Amphitheater.
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 Pizza Hut, Taco Bell, and WingStreet
Chains.

Exclusively Listed By

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