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628 E Innes St
Salisbury, NC 28144
KFC - SALISBURY, NC · Retail Property For Sale
Investment Highlights
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- Will Generate Sales in Excess of $1 Billion in 2022 (FQSR, LLC is the Tenant on the Lease, Encompasses All Restaurant Locations)
- Positioned on a Large ±1.037-Acre Lot - Situated on a Signalized, Hard Corner with Great Visibility/Access on E Innes St
- KBP Foods (the Largest KFC Franchisee in the U.S.) Operates ±850 Locations in 27 States (20% of Locations in the U.S. System)
- Successfully Open & Operating for Decades with an Attractive 8.11% Rent to Sales Ratio! Remodeled in 2017 to American Showman Prototype
- Total Population (5-MI): 54,821 | Average Household Income (5-MI): $66,850
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built/Renovated
1997/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.59 AC
Zoning
CMX - Commercial
Parking
53 Spaces (14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 016-103 | Improvements Assessment | $825,268 |
| Land Assessment | $359,856 | Total Assessment | $1,185,124 |
Property Taxes
Parcel Number
016-103
Land Assessment
$359,856
Improvements Assessment
$825,268
Total Assessment
$1,185,124
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