Fast Food For Sale • 3,762 SF
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 |
Anticipated sales in excess of $1.1 billion in 2024 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations) |
SEASONED LOCATION: Successfully open & operating since 2018 with an attractive 8.64% Rent-to- Sales ratio! |
TRAFFIC COUNTS: Positioned on a ±0.968-acre lot with excellent visibility/access on N Roberts Ave (main north/south thoroughfare in Lumberton |
2024 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 31,540 | Average Household Income (1-MI): $70,851 |
Cap Rate: | 6.00 % |
Airport | Drive | Walk | Distance |
---|---|---|---|
Fayetteville Regional/Grannis Field | 35 min | - | 27.8 mi |
Parking Available: | Yes |
Reserved: | No |
Type: | Surface |
Included in Rent: | Yes |