103 Laurinburg Rd | Raeford, NC 28376
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- LoopNet Team
103 Laurinburg Rd
Raeford, NC 28376
KFC (800+ UNIT OPERATOR) – RAEFORD, NC · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- Generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
- Situated in dominant retail corridor (across from Food Lion Grocery Anchored Center) on a large ±1.023-acre lot
- KBP Foods (the largest KFC franchisee in the U.S.) operates ±800 locations in 28 states (+20% of KFC locations in the U.S. system)
- Successfully open & operating for decades with an attractive 8.04% Rent-to-Sales ratio! Slated for remodel by YE 2026
- 2023 DEMOGRAPHICS: Total Population (5-MI): 110,070 | Average Household Income (1-MI): $147,126
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,331 SF
Building Class
C
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.01 AC
Zoning
Commercial - Commercial
Parking
20 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 694241201039 | Improvements Assessment | $458,610 |
| Land Assessment | $439,950 | Total Assessment | $898,560 |
PROPERTY TAXES
Parcel Number
694241201039
Land Assessment
$439,950
Improvements Assessment
$458,610
Total Assessment
$898,560
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