4720 Broadway West Palm Beach, FL 33407-2904

This exceptional investment opportunity presents a 1,776 square foot KFC restaurant located at 4720 Broadway, West Palm Beach, FL 33407, in Palm Beach County. The property, built in 1966 and extensively renovated in 2018, sits on a 0.339-acre lot and operates under a 20-year NNN lease with a franchisee tenant, commencing July 1, 2019, and expiring July 1, 2039. This leaves a substantial 14.6 years remaining on the lease term. The current asking price is $2,526,141, representing a price per square foot of $1,422.38 and a 5.00% cap rate. The property boasts a 100% occupancy rate since its occupancy date of July 1, 2019, generating a strong net operating income (NOI) of $126,307. The lease includes four options and features a 10% rent increase every five years, ensuring consistent income growth. The property is zoned BMUD-II and consists of a single, one-story building. This is a rare opportunity to acquire a well-established, high-performing KFC location with a long-term lease and significant upside potential.