Kfc – (832+ Unit Operator) Lumberton, Nc

Highlights:

• NEW 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)
• SEASONED LOCATION: Successfully open & operating since 2018 with an attractive 8.83% Rent-to- Sales ratio! Slated to remodel by YE 2030 - showing Tenant’s commitment to this location!
• TRAFFIC COUNTS: Positioned on a ±0.968-acre lot with excellent visibility/access on N Roberts Ave (main north/south thoroughfare in Lumberton with traffic counts of 28,441 CPD!
• DEMOGRAPHICS: Total Population (5-MI): 31,540 | Average Household Income (1-MI): $70,851

Description:

KFC has a Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years! The 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). It is Successfully open & operating since 2018 with an attractive 8.83% Rent-to- Sales ratio! Slated to remodel by YE 2030 - showing Tenant’s commitment to this location!

The Asset is Positioned on a ±0.968-acre lot with excellent visibility/access on N Roberts Ave (main north/south thoroughfare in Lumberton with traffic counts of 28,441 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, Ace Hardware, Harbor Freight Tools, Food Lion, ALDI, IGA, Walgreens, CVS, and Planet Fitness. It is 3 miles from Robeson Community College - a two-year, public community college offering various programs serving 2,822 students; 1 mile from UNC Health Southeastern - a comprehensive healthcare system, offering a combination of acute care, intensive care & psychiatric services with 452 licensed beds.

BRIAN BROCKMAN

Principal Broker

Bang Realty-North Carolina, Inc.

LIC # 298998

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