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KFC - (800+ UNIT OPERATOR) ROCKY MOUNT, NC 2108 Stone Rose Dr
4,167 SF Retail Building Rocky Mount, NC 27804 $3,366,000 ($808/SF) 6.15% Cap Rate
Investment Highlights
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±832 locations (+20% of KFC locations in the U.S. system)
- Situated on dominant retail corridor - across the street from Sam’s Club, minutes from Lowe’s, Target, Walmart & Golden East Crossing Shopping Mall
- Parent Company of KBP Foods operates ±1,090 locations across 4 brands in 32 states.
- Sales well above the KFC Systemwide Average with an attractive 8.28% Rent-to- Sales ratio! Slated to remodel by YE 2030
- 2023 DEMOGRAPHICS: Total Population (5-MI): 58,499 | Average Household Income (1-MI): $80,194
Executive Summary
Property Facts
Amenities
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
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.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 3840-12-86-8396 | Improvements Assessment | $993,670 |
| Land Assessment | $332,670 | Total Assessment | $1,326,340 |
PROPERTY TAXES
-
Kendall Carlsen -
Commercial Investment Advisors, INC
Presented by
KFC - (800+ UNIT OPERATOR) ROCKY MOUNT, NC | 2108 Stone Rose Dr
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