St. Cloud, FL - KFC (Old Canoe Creek)

Description:

• The tenant will enter into a brand new 15-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
• KFC is a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), with more than 30,000 restaurants in 150 countries and territories around the world

• Located near the signalized, hard corner intersection of Old Canoe Creek Rd and Canoe Creek Rd which combined average 45,100 VPD
• The site is ideally positioned in a dense retail corridor, with numerous nearby national/credit tenants including a Walmart Supercenter, The Home Depot, ALDI, Tractor Supply Co, Winn Dixie, Planet Fitness, and many more
• Furthermore, the asset is situated as an outparcel to Crosscreek Village, a 70,000 square foot shopping center anchored by Publix

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Listing ID: a28TP000003YiT7YAK