15 State S-35-447 rd - Fast Food FOR SALE


Bennettsville, SC 29512
$2,320,000 USD
214-643-6097
15 State S-35-447 rd, Bennettsville, SC for Sale
$2,320,000 USD
Fast Food - FOR SALE
1/5
null | 6.25% Cap Rate

15 State S-35-447 rd
Bennettsville, SC 29512


HIGHLIGHTS

  • LONG -TERM LEASE -Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
  • 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.)
  • Sales well above the KFC Systemwide Average with an attractive 8.11% Rent-to-Sales ratio! Built in 2023 and slated for next remodel by YE 2034
  • HIGH TRAFFIC COUNTS/VISIBILITY - Well positioned on hard corner/signalized intersection (LARGE ±2.028-ACRE PARCEL)
  • Excellent visibility/access on Hwy15-401 Bypass W & Cottingham Blvd S with traffic counts of 24,662 CPD!
  • 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 14,180 | Average Household Income (1-MI): $55,761

OVERVIEW

(Building & Land) Fee Simple. KFC has a Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew. 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) with anticipated sales in excess of $1.1 billion in 2024 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations). It has sales well above the KFC Systemwide Average with an attractive 7.98% Rent-to-Sales ratio! Built in 2023 and slated for next remodel by YE 2034 – showing Tenant’s commitment to this location! The Asset is positioned on hard corner/signalized intersection (LARGE ±2.028-ACRE PARCEL) with excellent visibility/access on Hwy15-401 Bypass W & Cottingham Blvd S with traffic counts of 24,662 CPD! Retailers in Bennettsville include Walmart, Food Lion, Carlie C’s IGA, Farmers Home Furniture, Maxway, Citi Trends, Hibbett Sports, CVS, Dollar General, Dollar Tree, Family Dollar, AutoZone, Advance Auto Parts, O’Reilly Auto Parts, NAPA Auto Parts; Dining options include McDonald’s, Burger King, Pizza Hut, Taco Bell, Subway, Domino’s Pizza, Cook Out, and Bojangles. Bennettsville has 3 public schools within the 3-mile vicinity with total enrollment of 1,799; 2 miles from Caresouth South Carolina – offering Family Medicine, Pediatrics, Women’s Services, Diagnostic Radiology & Lab Services, Social Services, Behavioral Services, Dental, and Chiropractic.

FOR SALE DETAILS

PRICE

$2,320,000 USD

PRICE/SF

$697 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC -(832 UNIT GUARANTY) - BENNETTSVILLE, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

C-2

APN/PARCEL ID

0391202033

ASK ABOUT THIS PROPERTY

Kendall CarlsenCommercial Investment Advisors, INCMore Info
214-643-6097

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kendall CarlsenCommercial Investment Advisors, INCMore Info
214-643-6097

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.