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KFC

OFFERING MEMORANDUM

2000 STATE ROUTE 44NEW SMYRNA BEACH, FLORIDA 32168

ACTUAL SITE

Represented by:JUSTIN ZAHN

7825 East Gelding Drive, Suite 104Scottsdale, Arizona 85260

480.214.5088 x 102 – [email protected] | www.ciadvisor.com

In Association with Florida Local Broker:New England Commercial Brokerage, Inc.

INVESTMENTO V E R V I E WKFC

NEW SMYRNA BEACH, FLORIDA

LEASE: Brand New 20-Year Absolute NNN Lease with 5% Rental Escalations every 5 YearsTENANT: KBP Foods (the largest KFC franchisee in the U.S.) Operates 550+ Locations in 20 States and will Generate Sales in Excess of $500 Million in 2017 (FQSR, LLC is the Tenant on the Lease, Encompasses All Restaurant Locations) SEASONED LOCATION: Successfully Open & Operating for Decades with an Attractive 8.00% Rent-to-Sales Ratio!TRAFFIC COUNTS: Pad Site to a 200,000+ Sq. Ft. Publix Supermarket Anchored Shopping Center with Retailers such as Dollar Tree, Bealls Outlet, Big Lots, Pet Supermarket, etc. where Traffic Counts Exceed 35,000 CPD on SR-44DEMOGRAPHICS (10-MI): Total Population: 129,938 | Avg HH Income: $67,196

INVESTMENT H IGHL IGHTSNAME KFC

LOCATION 2000 State Road 44New Smyrna Beach, Florida 32168

MAJOR CROSS STREETS On SR-44, West of Mission Dr

TENANT FQSR, LLC DBA KBP FOODS

PURCHASE PRICE $1,810,000

CAP RATE 5.00%

ANNUAL RENT $90,500

GROSS LEASEABLE AREA 2,562 SF

RENTAL ESCALATIONS 5% every 5 Years

LEASE TYPE Absolute NNN

OWNERSHIP (Building & Land) Fee Simple

YEAR BUILT 1989

LOT SIZE ±0.65 Acre

LEASE EXPIRATION November 14, 2037

OPTIONS Two 5-Year Renewal Options

POINTS OF INTERESTRETAIL/SHOPPING/ENTERTAINMENTAdjacent to New Smyrna Beach Regional Center anchored by PublixSupermarket with retailers such as Dollar Tree, Bealls Outlet, Big Lots, PetSupermarket; nearby retailers include Winn-Dixie, The Home Depot, Walgreens,ABC Fine Wine & Spirits; 2 miles from Save-A-Lot, AMC Theatres, Dollar General;3 miles from Walmart; 4 miles west from the beach shoreHIGHER EDUCATION3 miles from Daytona State College – New Smyrna Beach/Edgewater Campus(Offering nursing, health occupations, science, computer, engineering, publicservice & occupational programs w/ nearly 2,000 students annually)HEALTH CARE (GENERAL MEDICAL & SURGICAL HOSPITAL)2 miles from Florida Hospital New Smyrna Beach (112 beds)

7825 EAST GELDING DRIVE | SUITE 104 | SCOTTSDALE, AZ 85260 | WWW.CIADVISOR.COMThe information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy.

COMMERCIAL INVESTMENT ADVISORS, INC.JUSTIN ZAHN | 480.214.5088 X 102 O | 402.730.6021 C | [email protected]

FINANCIALA N A L Y S I S

SUMMARYTENANT FQSR, LLC dba KBP Foods

LIST PRICE $1,810,000

LIST CAP RATE 5.00%

GROSS LEASABLE AREA 2,562 SF

YEAR BUILT 1989

LOT SIZE ±0.65 Acre

EXPENSE REIMBURSEMENT

This is an Absolute NNN lease. Tenant is responsible for all expenses.

FINANCING All Cash or Buyer to obtain new financing at Close of Escrow.

RENT ROLLTENANT INFO LEASE TERMS RENT SUMMARY

TENANT NAME SQ FT TERM INCREASE RENT ANNUAL INVESTOR RETURN

FQSR, LLC dba KBP Foods 2,562 Years 1-5: 11/15/17 to 11/14/22 Current $90,500 5.00%

Years 6-10: 11/15/22 to 11/14/27 5% $95,025 5.25%

Years 11-15: 11/15/27 to 11/14/32 5% $99,776 5.51%

Years 16-20: 11/15/32 to 11/14/37 5% $104,765 5.79%

5.39% AVG ANNUAL RETURN

RENEWAL OPTIONS 1st Option: 11/15/37 to 11/14/42 5% $110,003

2nd Option: 11/15/42 to 11/14/47 5% $115,503

K F C | N E W S M Y R N A B E A C H , F L O R I D A



TENANTO V E R V I E WKFC

NEW SMYRNA BEACH, FLORIDA



You can find out more about the Tenant by visiting their website: http://www.kbp-foods.com/

KBP Foods operates 550+ restaurants in 20 states and has Regional Vice Presidents in every major geographicalregion. The Corporate Office and Restaurant Support Center are located in Overland Park, Kansas.

The success KBP Foods has had with growth through acquisition is directly correlated to diligent selection criteria, prudent and responsible capitalstructure and industry leading operational talent. Ultimately giving our people significant opportunity to growth themselves personally, professionallyand financially.

LOT SIZE2,562 SF

(±0.65 Acre)

SURVEY




BIRD’S EYE VIEW F A C I N G E A S T




AERIAL




NEW SMYRNA BEACHHIGH SCHOOL

THE NEW SMYRNA BEACH-EDGEWATER CAMPUS OFFERS COLLEGE CREDIT, COLLEGE PREPARATORY, CONTINUING EDUCATION, ADULT HIGH SCHOOL, ADULT BASIC EDUCATION, GENERAL EDUCATION

DEVELOPMENT (GED)/COURSES. THE CAMPUS HAS EXPANDED ITS NURSING, HEALTH OCCUPATIONS,

SCIENCE, COMPUTER, ENGINEERING, PUBLIC SERVICE AND OCCUPATIONAL PROGRAMS WITH

NEARLY 2,000 STUDENTS A YEAR

FLORIDA HOSPITALA GENERAL MEDICAL & SURGICAL

HOSPITAL W/ 112 BEDS

CHISHOLM ELEMENTARY

READ-PATTILLO ELEMENTARY

AERIALAERIALZ O O M E D O U T




NEW SMYRNA BEACHMIDDLE SCHOOL

I‐9546,500CPD

NEW SMYRNA BEACH MUNICIPAL AIRPORT

SPORTS COMPLEX

NEW SMYRNA BEACH IS A CHARMING BEACH TOWN WITH 6

MILES OF WHITE SANDY SHORELINE

FLORIDA HOSPITAL

DAYTONA STATE COLLEGE

SMYRNA YACHT CLUB

SMYRNA DUNES PARK

AERIALAERIALC I T Y V I E W




LOCATIONO V E R V I E W



A city in Florida’s Volusia County, New Smyrna Beach islocated on the central east coast of the state, with theAtlantic Ocean to the east. The downtown section of thecity is located on the west side of the Indian River andthe Indian River Lagoon system. The Coronado BeachBridge crosses the Intracoastal Waterway just south ofPonce de Leon Inlet, connecting the mainland with thebeach on the coastal barrier island.

This charming beach town is surrounded by intriguinghistory, artistic talents, one-of-a-kind boutiques, localeateries and more than enough outdoor activities suchas fishing, sailing, motorboating, golfing, hiking, watersports of all kinds, including swimming, scuba diving,kitesurfing & surfing.

“The Top 15 World’s Coolest Surt Towns” - Travel &Leisure Magazine (2013)

“Top 10 Florida Beach Towns” – Dr. Beach (2013)

“One of the World’s Top 20 Surf Towns” – NationalGeographic (2012)

“#9 – Best Surf Towns” – Surfer (2009)

2017 DEMOGRAPHICS

3-MI 5-MI 10-MI

TOTAL POPULATION 17,629 43,593 129,938

POP. GROWTH 2017-2022 3.55% 5.84% 6.53%

2017 DAYTIME POP. 13,176 31,539 97,886

HH GROWTH 2017-2022 3.17% 5.71% 6.47%

2017 AVG HH INCOME $59,982 $64,523 $67,196

54 MILES TO ORLANDO

137 MILES TO TAMPA

KFCNEW SMYRNA BEACH, FLORIDA

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial

Investment Advisors, Inc. and should not be made available to any other person or entity without the written consent of Commercial Investment Advisors, Inc. This Marketing

Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The

information contained herein is not a substitute for a thorough due diligence investigation. Commercial Investment Advisors, Inc. has not made any investigation, and makes no

warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage

of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical

condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject

property. Any projections, opinions, assumptions or estimates used in the Marketing Brochures are for example only and do not represent the current or future performance

of any property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Commercial Investment Advisors, Inc. has

not verified, and will not verify, any of the information contained herein, nor has Commercial Investment Advisors, Inc. conducted any investigation regarding these matters and

makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Like all real estate investments, all of these investment

carries significant risks. Purchaser and Purchaser’s legal and financial advisors must request and carefully review all legal and financial documents related to the properties

and tenants. While the tenant’s past performance at these locations or other locations is an important consideration, it is not a guarantee of future success. Similarly, the

lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of

actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail

to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless

of tenant history and lease guarantees, Purchaser is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the

value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms

that Purchaser may be able to negotiate with a potential replacement tenant considering the location of the property, and Purchaser’s legal ability to make alternate use of

the property. All potential buyers must take appropriate measures to verify all of the information set forth herein.

BY ACCEPTING THIS MARKETING BROCHURE YOU AGREE TO RELEASE CIA BROKERAGE COMPANY/COMMERCIAL INVESTMENT ADVISORS, INC. HOLD ITHARMLESS FROM ANY KIND OF CLAIM, COST, EXPENSE, OR LIABILITY ARISING OUT OF YOUR INVESTIGATION AND/OR PURCHASE OF ANY PROPERTY.

JUSTIN ZAHNVice PresidentO +1 480 214 5088 x 102C +1 402 730 [email protected]

FOR MORE INFORMATION:

CONFIDENTIALITYA G R E E M E N T

kfc fl new smyrna beach pkg 17 1102 - loopnet€¦ · investment overview kfc new smyrna beach,...

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