Kfc (832 Unit Guaranty) Rocky Mount, Nc

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) with anticipated sales in excess of $1.1 billion in 2024 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations).
• HIGH SALES VOLUME - Sales well above the KFC Systemwide Average with an attractive 8.28% Rent-to- Sales ratio! Slated to remodel by YE 2030 - showing Tenant’s commitment to this location!
• HIGH TRAFFIC COUNTS/VISIBILITY - Situated on dominant retail corridor - across the street from Sam’s Club, minutes from Lowe’s, Target, Walmart & Golden East Crossing Shopping Mall with great visibility on N Wesleyan Blvd (main north/south thoroughfare) with traffic counts of 34,585 CPD! About half mile south of US-64 - traffic counts: 41,416 CPD!
• 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 58,499 | Average Household Income (1-MI): $80,194

Description:

KFC has a Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew. The Tenant, KBP Foods (the largest KFC franchisee in the U.S.) operates ±800 locations in 28 states (+20% of KFC locations in the U.S. system) and generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations). Sales well above the KFC Systemwide Average with an attractive 8.28% Rent-to- Sales ratio! Slated to remodel by YE 2030 - showing Tenant’s commitment to this location!

The Asset is Situated on dominant retail corridor - across the street from Sam’s Club, minutes from Lowe’s, Target, Walmart & Golden East Crossing Shopping Mall with great visibility on N Wesleyan Blvd (main north/south thoroughfare) with traffic counts of 34,585 CPD! About half mile south of US-64 - traffic counts: 41,416 CPD! It is Across the street from Sam’s Club - Rocky Mount has major retailers including Lowe’s, Target, Walmart, Hobby Lobby, T.J. Maxx, Ross Dress for Less, Burlington, Bealls, Belk, Dunham’s Sports, Rainbow Shops, Citi Trends, Ulta Beauty, Shoe Carnival, Sally Beauty, Joann Fabrics, Big Lots, Roses Discount Store, Farmers Home Furniture, Ollie’s Bargain Outlet, Five Below, Food Lion, ALDI, Harris Teeter, Harbor Freight, Tractor Supply, American Freight, Office Depot, PetSmart, Dollar Tree, Dollar General, Planet, Fitness, and UEC Theatres. It is 5.5 miles from Nash Community College - a public community college offering over 140 degree, diploma & certificate programs serving 2,623 students; 3 miles from Nash General Hospital - a 282-bed hospital facility includes a women’s center, cardiovascular services and a critical care unit.

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