103 Laurinburg Rd - Fast Food FOR SALE
Raeford, NC 28376 |
103 Laurinburg Rd
Raeford, NC 28376
HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- KBP Foods (the largest KFC franchisee in the U.S.) operates ±800 locations in 28 states (+20% of KFC locations in the U.S. system)
- Generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
- Successfully open & operating for decades with an attractive 8.04% Rent-to-Sales ratio! Slated for remodel by YE 2026
- Situated in dominant retail corridor (across from Food Lion Grocery Anchored Center) on a large ±1.023-acre lot
- 2023 DEMOGRAPHICS: Total Population (5-MI): 110,070 | Average Household Income (1-MI): $147,126
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
KFC (800+ UNIT OPERATOR) – RAEFORD, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
3331
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
694241201039
