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428 Chesterfield Hwy
Cheraw, SC 29520
KFC (800+ UNIT OPERATOR)– CHERAW, SC · 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 on Cheraw’s dominant retail corridor on a large ±1.576-acre lot with excellent visibility/access on Chesterfield Hwy
- 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 7.84% Rent-to-Sales ratio! Slated to remodel by YE 2027
- 2023 DEMOGRAPHICS: Total Population (5-MI): 11,377 | Average Household Income (1-MI): $69,944
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,770 SF
Building Class
C
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.57 AC
Zoning
General Commercial
Parking
49 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
191’ on Chesterfield Highway
Amenities
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $39,660 | |
| Land Assessment | $13,500 | Total Assessment | $53,160 |
Property Taxes
Parcel Numbers
Land Assessment
$13,500
Improvements Assessment
$39,660
Total Assessment
$53,160
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