Kfc – (832 Unit Guaranty) Roanoke Rapids, 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 and operating for over a decade with sales well above the KFC systemwide average with an attractive 7.99% Rent-to-Sales ratio! Slated for remodel by YE 2031 - showing Tenant’s commitment to this location!
• HIGH TRAFFIC COUNTS/VISIBILITY - Well positioned in dominant retail corridor on a large ±1.247-acre lot, adjacent to Walmart Supercenter & across the street from Lowe’s Home Improvement with excellent access/visibility on Premier Blvd - about 1/4 mile west of I-95: traffic counts of 52,682 CPD!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 26,166 | Average Household Income (1-MI): $78,831

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 and operating for over a decade with sales well above the KFC systemwide average with an attractive 7.99% Rent-to-Sales ratio! Slated for remodel by YE 2031 - showing Tenant’s commitment to this location!

The Asset is Well positioned in dominant retail corridor on a large ±1.247-acre lot, adjacent to Walmart Supercenter & across the street from Lowe’s Home Improvement with excellent access/visibility on Premier Blvd - about 1/4 mile west of I-95: traffic counts of 52,682 CPD! Major retailers in Roanoke Rapids include Walmart, Lowe’s, Belk, Bealls, Hibbett Sports, Dunham’s Sports, Cato, Rainbow Shops, Roses Discount Store, Citi Trends, It’s Fashion, Shoe Show, Tractor Supply Co., Harbor Freight, Ollie’s Bargain Outlet, Babcock Home Furniture, Farmers Home Furniture, Big Lots, Aaron’s, PetSense, Food Lion, Save-A-Lot, Dollar Tree, GameStop, Sally Beauty, Mattress Firm, AutoZone, Advance Auto Parts, O’Reilly Auto Parts, Verizon, Boost Mobile, Walgreens; Dining options include Wendy’s, Cookout, Zaxby’s, Biscuitville, Arby’s, Logan’s Roadhouse, Applebee’s, Chipotle, Bojangles, Sonic, Ichiban Express, Subway, McDonald’s, Starbucks, Subway, Hardee’s, Dunkin’, Taco Bell, Popeyes, Ruby Tuesday, Waffle House, Dairy Queen, Cracker Barrel, Jersey Mike’s, Chick-fil-A, etc. It is 1 mile from Halifax Community College - a public community college that offers associate degrees programs and continuing education with a total enrollment of 988 students; 1 mile from ECU Health North Hospital - the hospital is licensed for 204 beds, including psychiatric & nursery offering an array of medical & surgical services including 24-hour emergency care.

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