Property Highlights
• Rare opportunity to acquire generational real estate in the highly sought after Central Florida region
• KBP Foods is one of the largest restaurant franchise operators in the U.S. and is the largest operator of KFC restaurants in the U.S. with 800 +/- units
• Long-term Absolute Net ground lease provides completely passive ownership and stable cash flow
• Latest prototype with dual drive-thru on large 1.14 acre parcel
• Signalized corner lot that shares a traffic signal with regional traffic generators and restaurants including Walmart Supercenter, Bass Pro Shops, LA Fitness, Harley Davidson, Chick-fil-A and Starbucks
• Interstate location less than 1/2 mile from the I-95 interchange at Palm Bay Rd.
• 10% rental increases every 5 years provide excellent hedge against inflation
• E-commerce and recession resistant business model, the fast-food industry has experienced same store sales growth and an increase in drive-thru traffic since the pandemic
• Florida has no state income tax and saw a net migration of 345,000 residents between April 2020 and April 2021