911 E 4th Ave - Fast Food FOR SALE
Red Springs, NC 28377 |
$2,179,000 USD
214-643-6097
911 E 4th Ave
Red Springs, NC 28377
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)
- Successfully open & operating since 2006 with an attractive 8.27% Rent-to-Sales ratio! Last remodel was in 2020 with next Slated remodel by 2030
- HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.319-acre lot - adjacent to Food Lion Anchored Shopping Center
- 2023 DEMOGRAPHICS: Total Population (5-MI): 11,488 | Average Household Income (1-MI): $61,934
FOR SALE DETAILS
PRICE
$2,179,000 USD
PRICE/SF
$592 USD /SF
CAP RATE
6.4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC (832+ UNIT OPERATOR) - RED SPRINGS, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.32 AC
LAND SF
57,499 SF
ZONING
C
APN/PARCEL ID
1705-01-02703
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214-643-6097
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214-643-6097
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