Orlando, FL (Colonial) - KFC

Description:

• The tenant will enter into a brand new 10-year sale-leaseback at COE with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging inflation
• With more than 30,000 restaurants in 150 countries and territories around the world. KFC is a subsidiary of Yum! Brands, Inc. (NYSE: YUM.)

• The subject property is located along E Colonial Dr, a major retail road serving Orlando, that averages 60,500 VPD
• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Aldi, Publix, Home Depot, Walmart Supercenter, Hobby Lobby, Trader Joe’s and many more
• Furthermore, the asset is located in close proximity to Waterford Lakes Town Center, a 976,000+ SF retail center, that is anchored by Target, Ulta, Loft, T.J. Maxx, Ross, Petsmart and more

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000003VaDZYA0