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2526 Carolina Beach Rd
Wilmington, NC 28401
KFC - (800+ UNIT OPERATOR) WILMINGTON, 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)
- Positioned on a ±0.955 acre lot - situated on a signalized, hard corner with excellent drive-by visibility/access on Carolina Beach Rd
- 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 8.25% Rent-to-Sales ratio (Sales well Above National Average)!
- 2023 DEMOGRAPHICS: Total Population (5-MI): 127,454 | Average Household Income (1-MI): $100,904
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,680 SF
Building Class
C
Year Built/Renovated
1980/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.95 AC
Zoning
CS - Commercial
Frontage
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | R06018-007-010-000 | Improvements Assessment | $2,272,400 |
| Land Assessment | $407,600 | Total Assessment | $2,680,000 |
Property Taxes
Parcel Number
R06018-007-010-000
Land Assessment
$407,600
Improvements Assessment
$2,272,400
Total Assessment
$2,680,000
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