2021 W Roosevelt Blvd - Fast Food FOR SALE
Monroe, NC 28110 |
$3,078,000 USD
214-643-6097
2021 W Roosevelt Blvd
Monroe, NC 28110
HIGHLIGHTS
- NEW 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)
- SEASONED/HIGH VOLUME SALES LOCATION - High volume sales location (well above the KFC systemwide average)!
- Successfully open & operating for decades with an attractive 8.84% Rent to Sales Ratio!
- 2023 DEMOGRAPHICS: Total Population (5-MI): 51,111 | Average Household Income (1-MI): $92,371
FOR SALE DETAILS
PRICE
$3,078,000 USD
PRICE/SF
$940 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC (832+ UNIT OPERATOR) - MONROE, 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
1.3 AC
LAND SF
56,628 SF
ZONING
C
APN/PARCEL ID
09-223-071
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214-643-6097
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214-643-6097
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