Kfc (832+ Unit Operator) Red Springs, 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).
• SEASONED/HIGH SALES VOLUME - Successfully open & operating since 2006 with an attractive 8.27% Rent-to-Sales ratio! Last remodel was in 2020 with next Slated remodel by 2030 - showing Tenant’s commitment to this location! High Sales Volume Location – Sales well above the national KFC average!
• HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.319-acre lot - adjacent to Food Lion Anchored Shopping Center, across the street from Dollar General with great visibility/access on E 4th St (main north/south thoroughfare in Red Springs) with traffic counts of 9,707 CPD!
• DEMOGRAPHICS: Total Population (5-MI): 11,488 | Average Household Income (1-MI): $61,934

Description:

KFC has a Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years! 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 2006 with an attractive 8.27% Rent-to-Sales ratio! Last remodel was in 2020 with next Slated remodel by 2030 - showing Tenant’s commitment to this location! High Sales Volume Location – Sales well above the national KFC average!

The Asset is Positioned on a large ±1.319-acre lot - adjacent to Food Lion Anchored Shopping Center, across the street from Dollar General with great visibility/access on E 4th St (main north/south thoroughfare in Red Springs) with traffic counts of 9,707 CPD! Red Springs has retailers including Food Lion, Piggly Wiggly, Farmers Home Furniture, Dollar General, Family Dollar, CVS Pharmacy, H&R Block, Advance Auto Parts, AutoZone; Dining options include Pizza Hut, McDonald’s, Hardee’s, and Subway. Red Springs has 3 public schools within the 3-mile vicinity with total enrollment of 1,924; 18 miles from FirstHealth Moore Regional Hospital-Hoke - the hospital is anchored by a 24/7 emergency department with 49 beds.

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