List Search

520 W 2nd St
Lumberton, NC 28358

$1,851,000 USD

Fast Food For Sale  •  3,556 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,521 SF
  • Lot Size 1.57 AC
  • Building Class C
  • Year Built 2020
  • Cap Rate 6.65 %
  • Tenancy Single
  • Zoning C
0 Transit Score
49 Walk Score

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

Property Flyers

Cap Rate: 6.65 %

Major Tenants

Tenant SF Occupied Lease End Date
KFC

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Fayetteville Regional/Grannis Field 38 min - 29.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Kendall Carlsen 214-643-6097 Commercial Investment Advisors, INC
Kendall Carlsen 214-643-6097 Commercial Investment Advisors, INC