Duong Investment Group
In Escrow

KFC – Brand New 2022 Construction | Corporate Guaranteed | 20-Year Lease

4670 South Street, Titusville, FL 32780

Property Description

Price: $1,695,000
Price Per/SF: $1,130
Land Area: ±0.62 Acres (±27,007 SF)
Cap Rate: 4.10%
Gross Leasable Area: ±1,500 SF
Year Built: 2022

Investment Highlights

Brand New 2022 Construction Corporate Guaranteed KFC

Outparcel to Lowe’s Home Improvement | Drive-Thru Location to Accommodate Additional Order Volume

Brand New 20-Year Lease

 

Prime Retail Location

  • Located Near the Intersection of Cheney Highway and South Street (Combined Traffic Counts Exceed 53,000 Cars Per Day)
  • Located Across from Walmart, Home Depot, and Target Anchored Shopping Centers
  • Located Right off Interstate-95, which Runs all the Way up the East Coast Connecting Miami to Boston
  • Within Close Proximity to Several Major Retailers such as ALDI, Denny’s, Starbucks, Dunkin, Marshalls, PetCo, Burger King, McDonald’s, Cracker Barrel, Taco Bell, Wendy’s, and Many More

Corporate KFC

  • Ground Lease Property with Zero Landlord ResponsibilitiesIdeal for Investors Not Local to the Market
  • KFC has Over 22,000 Locations in Operation
  • Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation

 

Pride of Property Ownership in Titusville, FL

  • Dense Infill Location with Over 48,000 Residents within 5 Miles, Creating a Large Customer Base
  • Affluent Area with the Average Household Income Exceeding $99,000 within 1 Mile
  • Subject Property is 12 Miles from NASA’s Kennedy Space Center – $8 Billion+ Invested in Space Coast Development in 2019

 

BROKER OF RECORD:

Ryan Nee

Lic. FL BK3154667

Contact Information

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643