1624 Church St - Fast Food FOR SALE
Conway, SC 29526 |
$2,750,000 USD
214-643-6097
1624 Church St
Conway, SC 29526
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)
- Sales well above the KFC systemwide average and successfully open & operating since 2017 with an attractive 8.51% Rent-to-Sales ratio!
- HIGH TRAFFIC COUNTS/VISIBILITY - Well-positioned in dominant retail corridor on a large ±1.156-acre lot with excellent visibility/access on E Hwy 501
- 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 40,449 | Average Household Income (1-MI): $80,299
FOR SALE DETAILS
PRICE
$2,750,000 USD
PRICE/SF
$841 USD /SF
CAP RATE
6.4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC - (832 UNIT GUARANTY) - CONWAY, SC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.16 AC
LAND SF
50,530 SF
ZONING
C
APN/PARCEL ID
33810020010
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214-643-6097
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214-643-6097
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