209 W Harrison St - Fast Food FOR SALE


Reidsville, NC 27320
$1,416,369 USD
818-416-2800
209 W Harrison St, Reidsville, NC for Sale
$1,416,369 USD
Fast Food - FOR SALE
1/5
null | 6.5% Cap Rate

209 W Harrison St
Reidsville, NC 27320


HIGHLIGHTS

  • The tenant is responsible for real estate taxes, insurance, CAM, and all maintenance, repairs, and replacements, including the roof and structure.
  • The lease is held directly by FQSR, LLC d/b/a KBP Foods, the entity encompassing all KBP restaurant locations, operating ±840 KFCs across 28 states.
  • Easy access at W Harrison and Way Street (8,290/5,680 VPD) on the corridor connecting the US 29/158 interchange to downtown Reidsville.
  • 4 consecutive 5-year renewal options sit behind the 6+ year remaining term, with the 10% escalation schedule continuing through every extension.
  • Rent steps from $92,064 to $101,270 in 2027, with 10% escalations continuing through all four extension terms. Fixed NOI growth.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 3,015 SF KFC located at 209 W Harrison Street in Reidsville, NC. The property is leased to FQSR, LLC d/b/a KBP Foods, the largest KFC franchisee in the country, on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities. With 6+ years remaining, 4 x 5-year renewal options, and 10% rent increases every 5 years, the asset offers passive income with built-in rental growth backed by an operator of institutional scale. KFC has operated at this signalized corner for over 13 years, alongside national tenants including Walgreens, McDonald's, and CVS. In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021

FOR SALE DETAILS

PRICE

$1,416,369 USD

PRICE/SF

$470 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC - Reidsville, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,157 SF

ZONING

GB/RD

APN/PARCEL ID

150033

ASK ABOUT THIS PROPERTY

Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
818-416-2800

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Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
818-416-2800

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