Kfc (832+ Unit Operator) Rockingham, 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)
• VERY HIGH SALES VOLUME LOCATION - Sales well above the KFC Systemwide Average with an attractive 8.93% Rent-to- Sales ratio! Slated to remodel by YE 2026 - showing Tenant’s commitment to this location!
• HIGH TRAFFIC COUNTS/VISIBILITY - Well positioned on a pad site to a Lowe’s Home Improvement Shopping Center (hard corner/signalized intersection) with excellent visibility/access on E Broad Ave with traffic counts of 25,166 CPD!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 30,081 | Average Household Income (1-MI): $74,180

Description:

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). Sales well above the KFC Systemwide Average with an attractive 8.93% Rent-to- Sales ratio! Slated to remodel by YE 2026 - showing Tenant’s commitment to this location!

The Asset is Well positioned on a pad site to a Lowe’s Home Improvement Shopping Center (hard corner/signalized intersection) with excellent visibility/access on E Broad Ave with traffic counts of 25,166 CPD! Pad site to a Lowe’s Home Improvement Shopping Center; across the street from Belk, Ross Dress for Less, Roses Express, Rainbow Shops; nearby retailers include Walmart, Dunham’s Sports, Citi Trends, ALDI, Food Lion, Tractor Supply Co., Ollie’s Bargain Outlet, Harbor Freight Tools, Dollar General, Dollar Tree, Family Dollar, Sherwin-Williams, Goodwill, Aaron’s, AutoZone, O’Reilly Auto Parts, NAPA Auto Parts, and Cricket Wireless. It is Less than 3 miles from Richmond Community College Hamlet - a public community college offering various degree programs with total enrollment of 2,549 in all campuses (Fall 2023); Less than 1 mile from FirstHealth Moore Regional Hospital - a 99-bed community hospital, serves the emergency, inpatient, outpatient & acute-care needs of the people of Richmond County & the surrounding area

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