KFC – NNN Ground Lease – Polk County, FL
KFC GROUND LEASE
Polk County, FL
PRICE $1,500,000
GLA 2,226 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 4.25%
LEASE TYPE Ground Lease
YEAR BUILT/REMODELED 2001/2017
Polk County, FL
PRICE $1,500,000
GLA 2,226 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 4.25%
LEASE TYPE Ground Lease
YEAR BUILT/REMODELED 2001/2017
DEMOGRAPHICS
Population 112,136
Per Capita Inc $26,225
Median HH Inc $44,313
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INVESTMENT HIGHLIGHTS
- Corporate Guarantee
- Very low rent
- KFC recently exercised their five year option
- KFC recently remodeled their store in 2017 at their own cost representing their commitment to this site
- Corner location with two points of ingress/egress
- Located on a high traffic highway with 4 total lanes (2 north and 2 south) and one middle lane for turning
- High traffic count of 34,500 VPD
- 28 parking spaces on a 0.59 AC lot
- 3 (5) year options remaining with 10% rent increases at each option
- Several national retailers in the immediate area
| Price: | $1,500,000 |
| City: | Polk County |
| State: | FL |
| Square Feet: | 2,226 SF |
| Price: | $1,500,000 |
| Cap Rate: | 4.25% |