201 N Longstreet St - Fast Food FOR SALE
Kingstree, SC 29556 |
$2,063,000 USD
214-643-6097
201 N Longstreet St
Kingstree, SC 29556
HIGHLIGHTS
- LONG -TERM LEASE - 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
- OPERATOR | TENANT - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±832 locations (+20% of KFC locations in the U.S. system)
- HIGH SALES VOLUMES - Successfully open & operating for decades with an attractive 8.26% Rent-to-Sales ratio! Slated for remodel in 2031
- HIGH TRAFFIC COUNTS: Well-positioned in Downtown Kingstree with great visibility/access on N Longstreet St with traffic counts of 11,939 CPD!
- 2023 AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 9,267 | Average Household Income (1-MI): $104,895
FOR SALE DETAILS
PRICE
$2,063,000 USD
PRICE/SF
$854 USD /SF
CAP RATE
6.4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC (832+ UNIT OPERATOR) – KINGSTREE, SC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.66 AC
LAND SF
28,750 SF
ZONING
C
APN/PARCEL ID
11-025-018
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214-643-6097
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214-643-6097
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