212 N Washington St - Fast Food FOR SALE
Wadesboro, NC 28170 |
$2,576,000 USD
214-643-6097
212 N Washington St
Wadesboro, NC 28170
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 2018 with an attractive 8.36% rent to sales ratio (sales well above national average)!
- HIGH TRAFFIC COUNTS/VISIBILITY - This parcel sits on a LARGE ±2.078-ACRE lot - well-positioned in Downtown Wadesboro - close proximity to Food Lion
- 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 9,260 | Average Household Income (1-MI): $60,044
FOR SALE DETAILS
PRICE
$2,576,000 USD
PRICE/SF
$905 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC – (832 UNIT GUARANTY) - WADESBORO, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.08 AC
LAND SF
90,605 SF
ZONING
C
APN/PARCEL ID
6474-12-75-6299-00
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214-643-6097
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214-643-6097
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