Kfc (832+ Unit Operator) Dillon, 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).
• SEASONED/HIGH SALES VOLUME LOCATION - High sales volume location (well above KFC systemwide average)! Successfully open & operating for decades with an attractive 8.26% Rent-to-Sales ratio! Slated for remodel by YE 2028 - showing Tenant’s commitment to this location!
• HIGH TRAFFIC COUNTS/VISIBILITY - Well-positioned (adjacent to the McLeod Dillon Hospital) with excellent visibility/ access on S Second Ave with traffic counts of 14,117 CPD! Just a mile off I-95 with traffic counts of 42,854 CPD!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 14,518 | Average Household Income (1-MI): $71,493

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 sales volume location (well above KFC systemwide average)! Successfully open & operating for decades with an attractive 8.26% Rent-to-Sales ratio! Slated for remodel by YE 2028 - showing Tenant’s commitment to this location!

The Asset is Well-positioned (adjacent to the McLeod Dillon Hospital) with excellent visibility/ access on S Second Ave with traffic counts of 14,117 CPD! Just a mile off I-95 with traffic counts of 42,854 CPD! Retailers in Dillon include Walmart, Roses Discount Store, Hibbett, Citi Trends, Cato, Shoe Show, Dollar Tree, Dollar General, Family Dollar, Rent-A-Center, Farmers Home Furniture, Badcock Home Furniture, Food Lion, Walgreens, CVS, NAPA Auto Parts, AutoZone, Advance Auto Parts, O’Reilly Auto Parts, Cricket Wireless; Dining options include McDonald’s, Wendy’s, Burger King, Taco Bell, Firehouse Subs, Popeyes, Bojangles, Zaxby’s, Pizza Hut, Domino’s Pizza, Little Caesars, Cook Out, Starbucks, and Waffle House. Dillon has 6 public schools within the 2-mile vicinity with total enrollment of 3,032; Adjacent to the McLeod Dillon Hospital - bringing health care to Dillon and the bordering counties of South & North Carolina with 79 acute care beds offering cardiac, women’s, surgical, orthopedic & other services.

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