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KFC - (832 UNIT GUARANTY) - CONWAY, SC 1624 Church St

3,270 SF Retail Building Conway, SC 29526 $2,750,000 ($840.98/SF) 6.40% Cap Rate

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INVESTMENT HIGHLIGHTS

LONG -TERM LEASE - Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
(The largest KFC franchisee in the U.S.) encompasses ±832 locations (+20% of KFC locations in the U.S. system)
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

OPERATOR | TENANT - Parent Company of KBP Foods operates ±1,090 locations across 4 brands in 32 states. Tenant - FQSR, LLC
Sales well above the KFC systemwide average and successfully open & operating since 2017 with an attractive 8.51% Rent-to-Sales ratio!
2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 40,449 | Average Household Income (1-MI): $80,299

EXECUTIVE SUMMARY

(Building & Land) Fee Simple

KFC Available Listings

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,270 SF

Building Class

Year Built

2017

Price

$2,750,000

Price Per SF

$840.98

Cap Rate

6.40%

NOI

$176,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

1.16 AC

Opportunity Zone

Yes

Zoning

C - Commercial

Frontage

247’ on Highway 501

AMENITIES

Restaurant

Signage

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
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KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing our delicious chicken by hand in tens of thousands of restaurants around the world.