Fort Lauderdale, FL - KFC

Description:

• 10 years of remaining lease term
• The lease features 8% rental increases every 5-years including option periods
• Franchisee lease signature from KBP Foods, a subsidiary to Yum! Brands (KFC’s parent company) with more than 850 units under operation
• Tenant recently invested in a new roof replacement for the building in 2024, showing their long-term commitment to the location
• KFC’s parent company, YUM Brands, recently reported full-year 2023 earnings and announced a 10% systemwide sales growth & 6% same store unit growth in the U.S.

• The asset is located at the signalized, hard corner intersection of W. Broward Boulevard and SW. 31st Avenue with a combined 89,500 VPD
• The subject property is also strategically located just off I-95 (312,000 VPD) with nearby on/off ramp access, enhancing consumer activity
• The asset has excellent visibility and multiple points of ingress/egress