For Sale
$1,960,000

6440 Fl-64Bradenton, FL 34208

High-traffic location, strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased KFC restaurant in Bradenton, Florida. The 2,960 square foot building, constructed in 2004 and renovated in 2018, sits on a 0.82-acre lot in a high-traffic area with 59,000 vehicles per day on State Road 64 and 133,000 on I-75. The property benefits from strong demographics, boasting over 134,000 residents within a 5-mile radius and an average household income exceeding $116,000 within 3 miles. The current lease, with a franchisee tenant, commenced October 2, 2018, and has a remaining term of 14 years, expiring October 31, 2038, with two 5-year options. The lease includes 5% rent bumps. The property's Net Operating Income (NOI) is $102,900, resulting in a 5.25% cap rate. The asking price is $1,960,000 ($662.16 per square foot), with a land value of $54 per square foot. The property is zoned for General Commercial use and is located near major retailers including Walmart, Home Depot, and Publix, and is less than a mile from a new Costco-anchored development. This is a rare opportunity to acquire a well-located, stable, and high-performing investment property with a long-term lease and significant upside potential.

Highlights

  • Absolute NNN lease; no landlord responsibilities.
  • Strong sales, low rent-to-sales ratio (details available upon request).
  • Full corporate guarantee from KBP Foods, the largest US KFC franchisee (832+ locations).
  • KBP Foods ranks #4 on the Franchise Times Restaurant 200, with $1.34B in 2023 sales.
  • Excellent demographics: 134,000+ residents within 5 miles, average household income exceeding $116,000 within 3 miles.
  • High-visibility corner lot on East State Road 64, a major retail thoroughfare near I-75.

Property Details for 6440 Fl-64

Property type
Retail properties, Restaurants
Square Feet
2,960 SF
Year Built/Renovated
2004/2018
Buildings
1
Stories
1
Lot Size (sq. ft)
35,719 SF
Units
1

Location Insight

City
Bradenton
County
Manatee
State
Florida
Latitude
27.491524398918
Longitude
-82.479589029985
6440 Fl-64, Bradenton, Florida

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6440 Fl-64
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