Kfc (832 Unit Guaranty) Lumberton, 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 - Successfully open & operating since 2007 with an attractive 8.80% Rent-to- Sales ratio! Slated to remodel by YE 2030 - showing Tenant’s commitment to this location!
• HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.567-acre lot with excellent visibility/access on W 5th St & NC-72 with traffic counts of 13,968 CPD!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 30,677 | Average Household Income (1-MI): $78,482

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 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). It is Successfully open & operating since 2007 with an attractive 8.80% Rent-to- Sales ratio! Slated to remodel by YE 2030 - showing Tenant’s commitment to this location!

The Asset is Positioned on a large ±1.567-acre lot with excellent visibility/access on W 5th St & NC-72 with traffic counts of 13,968 CPD! Retailers in Lumberton include Walmart, Lowe’s, Hobby Lobby, Belk, Maurices, Citi Trends, Rainbow Shops, Roses Discount Store, Big Lots, Ollie’s Bargain Outlet, Petsense, Dollar General, Family Dollar, Badcock Home Furniture, Farmer’s Home Furniture, Tractor Supply, Food Lion, ALDI, IGA, Walgreens, CVS, & Planet Fitness. It is 5 miles from Robeson Community College- a two-year, public community college offering various programs serving 1,828 students; 2 miles from UNC Health Southeastern - a comprehensive healthcare system, offering a combination of acute care, intensive care & psychiatric services with 452 licensed beds.

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