About This Restaurant
Investment Highlights
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) Well-positioned in Downtown Kingstree with great visibility/access on N Longstreet St with traffic counts of 11,939 CPD! 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 8.50% Rent-to-Sales ratio! Slated for remodel in 2031 2023 AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 9,267 | Average Household Income (1-MI): $104,895
Executive Summary
(Building & Land) Fee Simple
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Bank General Retail Restaurant General Retail Storefront Fast Food
- Building Size 2,417
- Building Class B
- Year Built/Renovated 1986/2024
- Price 2,317,000
- Price Per SF 959
- Cap Rate 6
- NOI 139,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.66 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 11-025-018 | Improvements Assessment | $4,420 |
| Land Assessment | $15,230 | Total Assessment | $19,650 |
| Date Created: | 2024-07-16 04:23:35 | Last Updated: | 2024-07-16 04:23:35 |
| Address: | 201 N Longstreet St , Kingstree, South Carolina, 29556 | ||