NC 211 Hwy E 4th St | Red Springs, NC 28377
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NC 211 Hwy E 4th St
Red Springs, NC 28377
KFC (832+ UNIT OPERATOR) - RED SPRINGS, NC · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG -TERM LEASE - Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- TENANT - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±832 locations (+20% of KFC locations in the U.S. system)
- HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.319-acre lot - adjacent to Food Lion Anchored Shopping Center
- OPERATOR | TENANT - Parent Company of KBP Foods operates ±1,090 locations across 4 brands in 32 states.
- Successfully open & operating since 2006 with an attractive 8.27% Rent-to-Sales ratio! Last remodel was in 2020 with next Slated remodel by 2030
- 2023 DEMOGRAPHICS: Total Population (5-MI): 11,488 | Average Household Income (1-MI): $61,934
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,680 SF
Building Class
C
Year Built/Renovated
2006/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.32 AC
Zoning
C
Frontage
182’ on North Carolina 211
AMENITIES
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 1705-01-02703 | Improvements Assessment | $622,000 |
| Land Assessment | $281,900 | Total Assessment | $903,900 |
PROPERTY TAXES
Parcel Number
1705-01-02703
Land Assessment
$281,900
Improvements Assessment
$622,000
Total Assessment
$903,900
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