Kfc (832+ Unit Operator) Monroe, 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/HIGH VOLUME SALES LOCATION - High volume sales location (well above the KFC systemwide average)! Successfully open & operating for decades with an attractive 8.84% Rent to Sales Ratio! Slated for remodel by YE 2026 - showing Tenant’s commitment to this location!
• LARGER PARCEL/TRAFFIC COUNTS - Well positioned in dominant retail corridor & situated on a large ±1.308-acre lot with exceptional visibility/access from Andrew Jackson Hwy with EXTREMELY HIGH traffic counts of 63,735 CPD!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 51,111 | Average Household Income (1-MI): $92,371

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 has High volume sales location (well above the KFC systemwide average)! Successfully open & operating for decades with an attractive 8.84% Rent to Sales Ratio! Slated for remodel by YE 2026 - showing Tenant’s commitment to this location!

The Asset is Well positioned in dominant retail corridor & situated on a large ±1.308-acre lot with exceptional visibility/access from Andrew Jackson Hwy with EXTREMELY HIGH traffic counts of 63,735 CPD! Monroe has major retailers including Target, Walmart, Lowe’s, Southern States, Belk, Burlington, T.J. Maxx, Ross Dress for Less, Hibbett Sports, Citi Trends, Big Lots, Ollie’s Bargain Outlet, Shoe Carnival, Boot Barn, Rack Room Shoes, Joann Fabric, OfficeMax, Best Buy, Badcock Home Furniture, PopShelf, PetSmart, Tractor Supply Co., Harbor Freight Tools, AutoZone, Napa Auto Parts, Aldi, Food Lion, Wow Supermarket, Dollar General, Family Dollar, Walgreens, and NGC Cinemas. 9 miles from Wingate University - a private liberal arts university offering various undergraduate majors, master’s & doctoral degrees with over 3,400 students on two campuses; 3 miles from Atrium Health Union - a 182-bed hospital providing comprehensive emergency services & specialty medical care such as day surgery center, cancer treatment center, long-term care facility, behavioral health center, a women & children’s center, etc.

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