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Restaurant

KFC / PIZZA HUT - NNN

1842 Rockledge Blvd, Rockledge, FL 32955

Listing Price: $4,800,000

Cap Rate
4.17%
Tenant Name
CFL Pizza LLC - 140 + Units
Years Remaining On Lease
18.0
Guarantor
Franchisee Guarantee
Rentable SF
2,491
Lease Type
Absolute Net
Rent Per Square Feet
$80.29

Investment Overview

INVESTMENT HIGHLIGHTS * Long-Term, 18 Years Remaining on Initial Lease Base Term * Absolute Triple Net (NNN) Investment * Annual Escalations of 2% Starting in Year 4 * Four (4), Five (5) Year Tenant Renewal Options with Escalations During Options * Dual Brand QSR Concept Location : Pizza Hut and KFC with Drive-Thru LOCATION HIGHLIGHTS * Dense Urban Infill Location | Surrounding Retailers include CVS, Publix, Dollar General, McDonald's, Beals, Dunkin Donut's and many more. * Incredibly Strong Economic Drivers including Rockledge High School less than One Mile from Subject Property and Enrollment of over 1,400 Students * Strong Demographics | Population Counts Exceed 275,000 +/- within a 10 Mile Radius * Located within the Orlando MSA | 40 Minute Drive to Orlando, Disney World Theme Parks and Orlando International Airport * Traffic Counts Exceed over 40,000 vehicles per day along Rockledge Blvd * Shopping Center Fundamentals | Publix has recently submitted plans with the City of Rockledge to complete a Re-Format of their current location in the shopping center in which the subject property is located | Further Illustrates Commitment to the Market and a their vision of a thriving market moving into the future TENANT / BRAND HIGHLIGHTS * Globally Recognized Brand – Pizza Hut Continues to Be the Top Pizza Brand in the Country in Terms of Unit Count and Revenue * Dedicated, Drive and Experienced Operators within the Restaurant Industry and Florida Markets * Proven Track Record with Strong Operational History Across its 16,976 Locations Throughout the United States and in 103 Other Countries * KFC Operates more than 17,000 Restaurants in the Unites States and Internationally * Celebration Restaurant Group, LLC is One of the Largest Yum! Brands Domestic Franchisees – They Operate Under the Brands of Pizza Hut (132), Taco Bell (37) and KFC (4) * CFL Pizza, LLC - Formed in December 2009 With the Acquisition of the Pizza Hut Restaurants in Central Florida – Today They Operate 132 Pizza Huts Throughout Several States

Investment Highlights

  • Dual Brand QSR STNL Absolute NNN Pizza Hut/KFC with Drive-Thru
  • Long-Term, 18 Years Remaining on Initial 20 Base Lease Term with 2% Annual Escalations Starting in Year 4
  • Outparcel to Publix Anchored Shopping Center with Excellent Mix of National Tenants with Direct Frontage along Rockledge Blvd.

Exclusively Listed By

Financing By

Listing Price: $4,800,000

Cap Rate
4.17%
Tenant Name
CFL Pizza LLC - 140 + Units
Years Remaining On Lease
18.0
Guarantor
Franchisee Guarantee
Rentable SF
2,491
Lease Type
Absolute Net
Rent Per Square Feet
$80.29

Investment Highlights

  • Dual Brand QSR STNL Absolute NNN Pizza Hut/KFC with Drive-Thru
  • Long-Term, 18 Years Remaining on Initial 20 Base Lease Term with 2% Annual Escalations Starting in Year 4
  • Outparcel to Publix Anchored Shopping Center with Excellent Mix of National Tenants with Direct Frontage along Rockledge Blvd.

Investment Overview

INVESTMENT HIGHLIGHTS * Long-Term, 18 Years Remaining on Initial Lease Base Term * Absolute Triple Net (NNN) Investment * Annual Escalations of 2% Starting in Year 4 * Four (4), Five (5) Year Tenant Renewal Options with Escalations During Options * Dual Brand QSR Concept Location : Pizza Hut and KFC with Drive-Thru LOCATION HIGHLIGHTS * Dense Urban Infill Location | Surrounding Retailers include CVS, Publix, Dollar General, McDonald's, Beals, Dunkin Donut's and many more. * Incredibly Strong Economic Drivers including Rockledge High School less than One Mile from Subject Property and Enrollment of over 1,400 Students * Strong Demographics | Population Counts Exceed 275,000 +/- within a 10 Mile Radius * Located within the Orlando MSA | 40 Minute Drive to Orlando, Disney World Theme Parks and Orlando International Airport * Traffic Counts Exceed over 40,000 vehicles per day along Rockledge Blvd * Shopping Center Fundamentals | Publix has recently submitted plans with the City of Rockledge to complete a Re-Format of their current location in the shopping center in which the subject property is located | Further Illustrates Commitment to the Market and a their vision of a thriving market moving into the future TENANT / BRAND HIGHLIGHTS * Globally Recognized Brand – Pizza Hut Continues to Be the Top Pizza Brand in the Country in Terms of Unit Count and Revenue * Dedicated, Drive and Experienced Operators within the Restaurant Industry and Florida Markets * Proven Track Record with Strong Operational History Across its 16,976 Locations Throughout the United States and in 103 Other Countries * KFC Operates more than 17,000 Restaurants in the Unites States and Internationally * Celebration Restaurant Group, LLC is One of the Largest Yum! Brands Domestic Franchisees – They Operate Under the Brands of Pizza Hut (132), Taco Bell (37) and KFC (4) * CFL Pizza, LLC - Formed in December 2009 With the Acquisition of the Pizza Hut Restaurants in Central Florida – Today They Operate 132 Pizza Huts Throughout Several States

Exclusively Listed By

Financing By

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