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1804 S Miami Blvd
Durham, NC 27703
KFC · Retail Property For Sale
Investment Highlights
- Part of a 4-Property QSR Portfolio – or Available Separately (contact listing agents for more info)
- Building Recently Had a Full Exterior Renovation in 2022, With a Full Interior Reno Coming in Late 2022
- Strong Franchisee, Luihn VantEdge Partners Owns and Operates Over 180 Restaurants Throughout AZ, FL, NC, SC and VA
- Tenant Has 10 Percent Rent Bump Coming in March of 2024, Bringing Pricing to 4.95% Cap Rate
- 20-Year, Triple Net (NNN) Lease With Approx. 17 Years Remaining | 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
- Part of the Raleigh-Durham-Chapel Hill Metro Area with Nearly 2.3 Million People
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,832 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.93 AC
Zoning
CC
Parking
43 Spaces (15.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 163564 | Improvements Assessment | $818,216 |
| Land Assessment | $674,250 | Total Assessment | $1,492,466 |
Property Taxes
Parcel Number
163564
Land Assessment
$674,250
Improvements Assessment
$818,216
Total Assessment
$1,492,466
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