Kfc (832 Unit Guaranty) Wadesboro, 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 2018 with an attractive 8.36% rent to sales ratio (sales well above national average)! Slated for remodel by YE 2028 - showing Tenant’s commitment to this location!
• HIGH TRAFFIC COUNTS/VISIBILITY - This parcel sits on a LARGE ±2.078-ACRE lot - well-positioned in Downtown Wadesboro - close proximity to Food Lion & Tractor Supply Co. with excellent visibility/access on US-52 & US-74 with traffic counts of 32,364 CPD!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 9,260 | Average Household Income (1-MI): $60,044

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 2018 with an attractive 8.36% rent to sales ratio (sales well above national average)! Slated for remodel by YE 2028 - showing Tenant’s commitment to this location!

This parcel sits on a LARGE ±2.078-ACRE lot - well-positioned in Downtown Wadesboro - close proximity to Food Lion & Tractor Supply Co. with excellent visibility/access on US-52 & US-74 with traffic counts of 32,364 CPD! Retailers in Wadesboro include Food Lion, IGA, Roses Discount Store, Do It Best, Tractor Supply Co., Hibbett Sports, Badcock Home Furniture, Dollar Tree, Dollar General, Family Dollar, Habitat for Humanity, CVS, Advance Auto Parts, O’Reilly’s, AutoZone, NAPA Auto Parts, T-Mobile, AT&T; Dining options include Arby’s, Wendy’s, Popeyes, Taco Bell, Sonic Drive-In, Captain D’s, Subway, McDonald’s, Burger King, Pizza Hut, Dunkin’, Baskin Robbins, and Bojangles. Wadesboro has 4 public schools within the 3-mile vicinity with total enrollment of 1,770; 2.5 miles from Atrium Health Anson - a 24/7 emergency department, a 15-bed hospital & a primary care physician’s office offering a full range of services such as Behavioral Health, Cardiology, OB/GYN, Orthopedics & Sports Medicine, Rehabilitation Services, Surgery, Urology, Outpatient Lab Services, and much more.

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