St. Cloud, FL - KFC (13th St)

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 13th St and Budinger Ave which combined average 81,000 VPD
• The site is ideally positioned in a dense retail corridor, with numerous nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Winn Dixie, Publix, Tractor Supply Co, Planet Fitness, and many more
• Furthermore, the asset is situated just down the road from Oaks Shopping Center, a 94,000 square foot center anchored by ALDI and Staples

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Listing ID: a28TP000003Yhs1YAC