KFC

525 1st Street East, Bradenton, FL 34208

$2,211,300

Cap Rate 5.00%

Views: 91 Updated: 09.03.24 Posted: 04.28.24 Status: Sold

Summary

Price $2,211,300	Built/Renov 1982	Tenant KFC
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,089	Lease Start 11-01-2018	#Units 800
Price/SF $1,058.54	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $110,565	R. Term 13.10	Ownership Fee Simple
Rent/SF $52.93	Increases 5.0%/5/yrs	Pop 5Mi 213,639
Lot/AC 0.54	Options 2/5yrs/5%	AHHI 5Mi $79,286

Lease Highlights

KFC has 14+ years remaining on their primary term with 2 (5-year) options to extend
The lease features 5% rental increases every 5 years throughout the primary term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by KBP Foods (800+ units)

Location Description

KFC is strategically located at the signalized intersection of 6th Avenue E/FL Route 64 and 1st Street E/US Route 41, two of the area’s primary commercial and commuter corridors. with access to a combined traffic count of 91,400 vehicles. Furthermore, the property benefits from excellent visibility and frontage, surrounded by both national and local retailers, businesses, numerous hotels,...

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Key Features

Signalized intersection
High traffic 50M+ VPD
Near major nationals
Strategically located
Highway location
Dense 200M+ pop 5 mi
Income tax free state
Absolute NNN
Long 10+ yr lease
Top franchise operator

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Links

KFC Wikipedia KFC Wikipedia Bradenton, Florida Zip Code 34208 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: KFC
Guarantor:Franchisee
Company:KBP Foods
# Units:800
Tenant S&P: BB+
Moody’s: Ba2
Stock: NYSE: YUM

About Tenant

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,183	88,139	199,993
2023 Total Population :	9,362	88,617	201,821
2023 Employed Civilian Pop :	3,853	37,161	85,713
2023 Total Businesses :	1,155	4,196	8,144
2023 Average Household Income :	$ 66,540	$ 66,441	$ 75,189
2023 Total Consumer Spending :	$ 224 M	$ 2065 M	$ 5549 M
2023 Median Age :	40	41	45
2023 Total Households :	3,830	35,488	84,615
2023 Pop Age 25+: Bachelor's Degree :	1,173	7,945	22,849
2023 Average Home Value :	$ 284,056	$ 250,857	$ 302,045

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
6th Ave E	2nd St E	2001	16,500	0.02 mi
1st Street East	5th Ave Dr E	2021	61,500	0.04 mi
Manatee Ave W	2nd St E	2005	20,500	0.08 mi
6th Avenue East	5th St E	2022	18,500	0.23 mi
Martin Luther King Avenue West	3rd St W	2022	7,000	0.23 mi
Manatee Avenue East	5th St E	2021	20,500	0.24 mi
1st Street East	10th Ave Dr W	2022	62,500	0.27 mi
6th Avenue West	8th St W	2022	17,000	0.30 mi
6th Avenue West	6th St W	2021	17,000	0.30 mi
Manatee Avenue West	8th St W	2022	19,500	0.31 mi

Listing Broker

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