Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B1 · Orange City, FLZoning
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Zoning designation
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