For Sale
$1,548,000

914 Saxon BlvdOrange City, FL 32763

Florida QSR with Corporate Guarantee

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a thriving KFC restaurant located at 914 Saxon Blvd, Orange City, FL 32763. The property boasts a 3,340 square foot building situated on a 0.8-acre lot, constructed in 2004. Currently operating under a corporate-guaranteed Absolute NNN lease with KFC Corporation, the lease commenced on November 13, 2017, and extends until November 30, 2037, providing a substantial remaining term of over 13 years. The lease includes two, five-year renewal options and features a 5% rent increase every five years, ensuring consistent income growth. The property enjoys 100% occupancy, generating a strong Net Operating Income (NOI) of $65,730, resulting in a compelling 4.25% cap rate. The asking price is $1,548,000. Seller financing is available. Recent on-site upgrades have been completed by the landlord. This location benefits from being in a no-income-tax state and KFC's long-standing success (over 20 years) at this address. This is a rare chance to acquire a stable, high-performing asset with significant long-term potential.

Highlights

  • Corporate-guaranteed lease with KFC Corporation.
  • Absolute triple-net (NNN) lease.
  • No landlord responsibilities.
  • Seller financing offered.
  • Below-market rent.
  • Long-term lease with over 13 years remaining.

Property Details for 914 Saxon Blvd

Property type
Retail properties, Restaurants
Square Feet
3,340 SF
Year Built
2004
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Orange City
County
Volusia
State
Florida
Latitude
28.9107612
Longitude
-81.2885708
914 Saxon Blvd, Orange City, Florida

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914 Saxon Blvd
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