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KFC - (832 UNIT GUARANTY)- LUMBERTON, NC 520 W 2nd St
3,521 SF Retail Building Lumberton, NC 28358 $1,851,000 ($525.70/SF) 6.65% Cap Rate
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 - Positioned on a large ±1.567-acre lot with excellent visibility/access on W 5th St & NC-72
- OPERATOR | TENANT - Parent Company of KBP Foods operates ±1,090 locations across 4 brands in 32 states. Tenant - FQSR, LLC
- Successfully open & operating since 2007 with an attractive 8.80% Rent-to- Sales ratio! Slated to remodel by YE 2030
- 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 30,677 | Average Household Income (1-MI): $78,482
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- 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 | 3232-01-007 | Improvements Assessment | $574,000 |
| Land Assessment | $213,200 | Total Assessment | $787,200 |
PROPERTY TAXES
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KFC - (832 UNIT GUARANTY)- LUMBERTON, NC | 520 W 2nd St
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