5.0% Cap | KFC Ground Lease | Low Rent | Polk County, FL
Polk County, FL
Retail for Sale - $1,160,000 - 2,226 Sq. Ft.
Property Info
| CIMLS# | 1085253 |
| Location 5.0% Cap | KFC Ground Lease | Low Rent | Polk County, FL Polk County FL 12345 | |
| Updated | December 1st, 2020 |
| Type | Retail |
| Price | $1,160,000 |
| Building | 2,226 Sq. Ft. |
Property Description
Investment Highlights
* Corporate Guarantee
* Very low rent
* Rent increases by 10% in Sept 2021
* 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
* 4 (5) year options remaining with 10% rent increases at each option
* Several national retailers in the immediate area
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