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Tasty Restaurant Group
1035 Dunlawton Avenue - Port Orange, FL 32127-4708
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,846 SF KFC Located at 1035 Dunlawton Avenue in Port Orange, FL. This Deal Includes a 19-Year Absolute Triple Net (NNN) Lease, 1.5% Annual Increases, and a Strong 161‑Unit Corporate Guarantee Secured By a Subsidiary of Tasty Restaurant Group (TRG), Providing For a Secured Investment.
- Strong 161-Unit Corporate Guarantee: A Subsidiary of Tasty Restaurant Group (TRG), a Premier Franchise Operator Managing Over 400 Restaurants Across Top-Tier Brands, Including KFC. Pizza Hut, Burger King. Dunkin’ and Taco Bell; TRG is an Affiliate of Triton Pacific Capital Partners
- Brand Strength: Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG’s Extensive Experience and Market Presence; With 161 KFC Locations Under Their Management, the Combined Strength of Tasty Restaurant Group and KFC Provides Unparalleled Stability, Making This an Attractive and Secure Investment
- Rent Increases & Options: The Lease Features 1.5% Annual Rental, Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation
- Strategic Port Orange Location: Located at 1035 Dunlawton Ave, Positioned Along a Major Commercial Corridor Close to 1-95 and Major Office Parks, Providing Solid Daily Traffic and Visibility
- Robust Retail Synergy: Situated Near National Brands Such as Walmart, Walgreens, Starbucks, Shell, and Regional Favorites, Driving Significant Cross- Shopping Traffic
- Proven Tenant Stability: Long-Term Operation Under TRG’s Management and Corporate-Backed Lease Structure Makes this Location a Proven, Low-Risk Net Lease Investment
- Robust Retail Environment: Situated Near National Brands Such as Walmart, Walgreens, Starbucks, Shell, and Regional Favorites, Driving Significant Cross-Shopping Traffic
- Strong Local Demographics: The Port Orange Area Boasts a Population of Over 65,000 Residents Within a 3-Mile Radius, With an Average Household Income of Approximately $75,000; These Strong Demographics Support Sustained Demand and Long-Term Stability For the Tenant
- Established Success and Community Presence: This KFC Location Has Become a Trusted and Recognized Establishment Within the Port Orange Community; the Strong Sales Performance and Long-Standing Presence Make This Property a Proven and Secure Investment
In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953
Tasty Restaurant Group
1035 Dunlawton Avenue - Port Orange, FL 32127-4708
Tasty Restaurant Group
Tasty Restaurant Group, LLC, operates as a vertically integrated quick-service restaurant operator, bringing extensive leadership experience and specialized skills in managing, developing, and divesting restaurant investments. Acting as the management entity for Triton Pacific’s portfolio companies, Tasty Restaurant Group’s leadership team averages over 20 years of industry expertise, having overseen operations for nearly 10,000 franchisee and franchisor locations. Tasty Restaurant Group, LLC, an affiliate of Triton Pacific Capital Partners, is headquartered in Dallas, TX, and operates over 400 restaurants under the Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken, and Taco Bell brands.
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Price
$2,620,744
Cap Rate
5.75%
PREMISES
2,846 SF
RENEWAL OPTIONS
3 x 5 Year Options
Lease Expiration
05/15/44
Lease Type
Absolute NNN
RENTAL INCREASES
1.5% Annually
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
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This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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