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5120 Market St
Wilmington, NC 28405
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 in Dominate retail corridor on a large ±1.018-acre lot - situated on a signalized hard corner
- 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 since 2019 with an attractive 8.16% Rent-to-Sales ratio (Sales well Above National Average)!
- 2023 DEMOGRAPHICS: Total Population (5-MI): 142,135 | Average Household Income (1-MI): $106,742
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,204 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Zoning
RB
Parking
37 Spaces (13.66 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | R04915-002-002-000 | Improvements Assessment | $919,300 |
| Land Assessment | $1,414,700 | Total Assessment | $2,334,000 |
Property Taxes
Parcel Number
R04915-002-002-000
Land Assessment
$1,414,700
Improvements Assessment
$919,300
Total Assessment
$2,334,000
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