Kfc (832+ Unit Operator) – Kingstree, Sc

$2,063,000

201 North Longstreet Street, Kingstree, SC 29556

For Sale

Retail Restaurant

Active

Last Updated: 04/29/2025

Details:

Cap Rate: 6.4%

NOI: $132,050

Building Size: 2,417 sqft

Lot Area: 0.663 sqft

Occupancy: 100%

Lease Type: Absolute Net

Year Built: 2021

Zoning: C

Tenancy: Single

Lease Expire Year: 06/30/2044

Offered by

Kendall Carlsen

Digital Marketing Coordinator

Commercial Investment Advisors

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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 & operating for decades with an attractive 8.26% Rent-to-Sales ratio! Slated for remodel in 2031 - showing Tenant’s commitment to this location!
HIGH TRAFFIC COUNTS/VISIBILITY - Well-positioned in Downtown Kingstree with great visibility/access on N Longstreet St with traffic counts of 11,939 CPD! Just north of Main St with traffic counts of 6,737 CPD
2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 9,267 | Average Household Income (1-MI): $104,895

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 & operating for decades with an attractive 8.26% Rent-to-Sales ratio! Slated for remodel in 2031 - showing Tenant’s commitment to this location!

The Asset is Well-positioned in Downtown Kingstree with great visibility/access on N Longstreet St with traffic counts of 11,939 CPD! Just north of Main St with traffic counts of 6,737 CPD. Retailers in Kingstree include Roses Express, Citi Trends, Food Lion, IGA, CVS, True Value, Dollar Tree, Dollar General, Family Dollar, Aaron’s, Advance Auto Parts, AutoZone, O’Reilly Auto Parts, Carquest; Dining options include Pizza Hut, McDonald’s, Burger King, Sonic Drive-In, Hardee’s, Domino’s Pizza, and Subway; 1.5 miles from Williamsburg Technical College - a public two-year college offering associate degrees, diplomas, certificates & continuing education units with 635 students.

BRIAN BROCKMAN - Principal Broker

Bang Realty-South Carolina, Inc. LIC # 108250