Kfc (832 Unit Guarantor) Bennettsville, Sc

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 - Sales well above the KFC Systemwide Average with an attractive 8.11% Rent-to-Sales ratio! Built in 2023 and slated for next remodel by YE 2034 - showing Tenant’s commitment to this location!
• HIGH TRAFFIC COUNTS/VISIBILITY - Well positioned on hard corner/signalized intersection (LARGE ±2.028-ACRE PARCEL) with excellent visibility/access on Hwy15-401 Bypass W & Cottingham Blvd S with traffic counts of 24,662 CPD!
• 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 14,180 | Average Household Income (1-MI): $55,761

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 Sales well above the KFC Systemwide Average with an attractive 8.11% Rent-to-Sales ratio! Built in 2023 and slated for next remodel by YE 2034 - showing Tenant’s commitment to this location!

The Asset is Well positioned on hard corner/signalized intersection (LARGE ±2.028-ACRE PARCEL) with excellent visibility/access on Hwy15-401 Bypass W & Cottingham Blvd S with traffic counts of 24,662 CPD! Retailers in Bennettsville include Walmart, Food Lion, Carlie C’s IGA, Farmers Home Furniture, Maxway, Citi Trends, Hibbett Sports, CVS, Dollar General, Dollar Tree, Family Dollar, AutoZone, Advance Auto Parts, O’Reilly Auto Parts, NAPA Auto Parts; Dining options include McDonald’s, Burger King, Pizza Hut, Taco Bell, Subway, Domino’s Pizza, Cook Out, and Bojangles. Bennettsville has 3 public schools within the 3-mile vicinity with total enrollment of 1,799; 2 miles from Caresouth South Carolina - offering Family Medicine, Pediatrics, Women’s Services, Diagnostic Radiology & Lab Services, Social Services, Behavioral Services, Dental, and Chiropractic.

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