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KFC | 13+yrs Remain Corp Abs NNN 4659 FL-46 2,320 SF Retail Building Sanford, FL 32771 $4,584,775 CAD ($1,976.20 CAD/SF) 4% Cap Rate

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Investment Highlights

13+ Years Remaining | Options To Extend | Corporate Signature |Scheduled 10% Rental Increases | 2023 Construction
Signalized, Hard-Corner Location | Prime Retail Node

Absolute NNN Ground Lease | Zero Landlord Responsibilities
Dense Trade Area | Affluent Demographics

Executive Summary

• The tenant, KFC Corporation, has over 13 years remaining on the lease with five (5) additional 5-year renewal options, providing long-term income security
• The lease features scheduled 10% rental increases every five years throughout the primary term and at the beginning of each option period, driving NOI growth and providing a built-in hedge against inflation
• KFC Corporation is a wholly owned subsidiary of Yum! Brands, Inc. (NYSE: YUM), one of the largest and most financially secure restaurant operators in the U.S., generating $7.55 billion in 2024 revenue
• Constructed in 2023, the property features high-quality materials and modern finishes throughout

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,320 SF

Building Class

Year Built

2023

Price

$4,584,775 CAD

Price Per SF

$1,976.20 CAD

Cap Rate

NOI

$183,391 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.05

Lot Size

0.99 AC

Zoning

PD - Planned Development

Parking

14 Spaces (6.03 Spaces per 1,000 SF Leased)

Frontage

208’ on Florida 46

Corner Lot
Freeway Visibility

Restaurant

Signage

Signalized Intersection

Accommodation and Food Services
99,999 SF
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KFC began in 1952 when Colonel Harland Sanders expanded a fried chicken recipe into the first Kentucky Fried Chicken franchise in Utah, building on earlier work in Kentucky. The company now operates as a global chicken restaurant brand and a subsidiary of Yum! Brands, with a menu centred on fried chicken, chicken sandwiches, tenders, bowls, sides and beverages. KFC's business spans restaurant operations, franchising, digital ordering and brand marketing across a wide international network. The company continues to focus on fried chicken as its core offer while adapting menus for local markets and supporting community programmes.