520 W 2nd St - Fast Food FOR SALE
Lumberton, NC 28358 |
$1,851,000 USD
214-643-6097
520 W 2nd St
Lumberton, NC 28358
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 2007 with an attractive 8.80% Rent-to- Sales ratio! Slated to remodel by YE 2030
- HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.567-acre lot with excellent visibility/access on W 5th St & NC-72
- 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 30,677 | Average Household Income (1-MI): $78,482
FOR SALE DETAILS
PRICE
$1,851,000 USD
PRICE/SF
$521 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC - (832 UNIT GUARANTY)- LUMBERTON, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.57 AC
LAND SF
68,389 SF
ZONING
C
APN/PARCEL ID
3232-01-007
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214-643-6097
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214-643-6097
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