914 Saxon BlvdOrange City, FL 32763

Property Details for 914 Saxon Blvd

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.80 AC

Property size (Sq ft)

3,355 SF

Zone code

B1

Property type

Retail properties

Property subtype

Drive through restaurants

APN

8023-01-04-0080

APU

802301040080

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $839,502

  6.5%

  $774,925

  7%

  $719,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $943,787

  Geo Method

  $943,787

• Alternative Use

  Use

  Valuation

  Residential

  $653,678

  Hospitality

  $598,766

  Educational

  $498,166

  Medical

  $515,299

  Retail

  $774,925

Location Insight

City

Orange City

County

Volusia

State

Florida

Latitude

28.9107

Longitude

-81.2887

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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