Marcus & Millichap is pleased to present for sale this Kentucky Fried Chicken Restaurant with drive thru located at 1805 US Highway 1 South in St. Augustine, Florida. Saint Augustine is a beautiful city on the Atlantic Coast of northeastern Florida with a population of over 13,000 people. Thousands of tourists travel to St. Augustine each year for its rich history as it is the oldest continually inhabited European established settlement in the United States. This rare corporate backed KFC has more than 17 years on the base term of the lease with two (five year) options to extend. KFC occupies a large 2,966 square foot restaurant and is situated at the signalized entrance to a Marshalls, Tuesday Morning, and ALDI Grocery Anchored Power Center. This restaurant has very high visibility as it is located less than 600 feet from the signalized intersection of Dixie Highway and Highway 312 which experiences traffic counts exceeding 63,500 vehicles per day. Saint Augustine College is only a six minute drive and has more than 2,501 enrolled students, Flagler college with more than 2,000 students and Saint Johns River College with more than 5,000 students are both a short 10 minute drive from this property. Flagler Hospital which is less than five minutes from this KFC has 335 beds and is a Center for Excellence in Bariatrics, Cancer, Heart and Maternity. Several shopping malls are located only minutes from this KFC including Cobblestone Village, Riverside Court and Lewis Point Plaza. Many brand new home communities surround this KFC restaurant. Only nine minutes from the property is KB Homes Orchard Park Townhomes with 150 sold out townhomes. Treaty Oaks new home development by Richmond Homes is also 10 minutes away with 130 already sold new homes. KFC, also known as Kentucky Fried Chicken, is an American fast food restaurant chain headquartered in Louisville, Kentucky, that specializes in fried chicken. It is the worlds second-largest restaurant chain (as measured by sales) after McDonalds, with 24,000 locations globally in 145 countries and territories. The chain is a subsidiary of Yum! Brands, a restaurant company that also owns the Pizza Hut, Taco Bell, and WingStreet chains.
