1354 E Broad Ave - Fast Food FOR SALE
Rockingham, NC 28379 |
$3,616,000 USD
214-643-6097
1354 E Broad Ave
Rockingham, NC 28379
HIGHLIGHTS
- LONG -TERM LEASE - Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- OPERATOR | TENANT - Parent Company of KBP Foods operates ±1,090 locations across 4 brands in 32 states
- TENANT- FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±832 locations (+20% of KFC locations in the U.S. system)
- HIGH SALES VOLUMES - Sales well above the KFC Systemwide Average with an attractive 8.93% Rent-to- Sales ratio!
- HIGH TRAFFIC COUNTS/VISIBILITY - Well positioned on a pad site to a Lowe’s Home Improvement Shopping Center (hard corner/signalized intersection)
- 2023 DEMOGRAPHICS: Total Population (5-MI): 30,081 | Average Household Income (1-MI): $74,180
FOR SALE DETAILS
PRICE
$3,616,000 USD
PRICE/SF
$1,205 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC - ROCKINGHAM, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.72 AC
LAND SF
31,363 SF
ZONING
C
APN/PARCEL ID
74720256583401
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214-643-6097
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214-643-6097
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