520 W 2nd St - Fast Food FOR SALE
Lumberton, NC 28358 |
520 W 2nd St
Lumberton, NC 28358
HIGHLIGHTS
- 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.) encompasses ±832 locations (+20% of KFC locations in the U.S. system)
- Successfully open & operating since 2007 with an attractive 8.72% Rent-to- Sales ratio! Slated to remodel by YE 2030
- Positioned on a large ±1.567-acre lot with excellent visibility/access on W 5th St & NC-72 with traffic counts of 13,968 CPD!
- 2023 DEMOGRAPHICS: Total Population (5-MI): 110,070 | Average Household Income (1-MI): $147,126
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
KFC - (2nd Street) LUMBERTON, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
3521
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
3232-01-007
