For Sale
$3,138,000

2021 Roosevelt BlvdMonroe, NC 28110

Monroe, NC KFC: 20-year lease, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a 3,276 square foot KFC restaurant located at 2021 W Roosevelt Blvd, Monroe, NC 28110. The property sits on a 1.308-acre lot in a high-traffic retail corridor, boasting 63,735 cars per day passing by. This single-tenant, absolute NNN lease with FQSR, LLC (the largest KFC franchisee in the U.S.) offers a remaining term of 20 years, expiring July 31, 2044, with two 5-year renewal options. The lease includes a 7% rent increase every five years, ensuring consistent income growth. The property's strong performance is reflected in its Net Operating Income (NOI) of $193,000, resulting in a 6.15% cap rate. Built in 2016, this well-maintained building benefits from its location near major retailers such as Target, Walmart, and Lowe's, as well as Wingate University and Atrium Health Union. The tenant's commitment is further evidenced by a planned remodel by the end of 2026. This high-volume location significantly outperforms the KFC systemwide average, demonstrating an attractive 8.18% rent-to-sales ratio. The property's strong demographics, including a 5-mile radius population of 51,111 and a 1-mile radius average household income of $92,371, contribute to its exceptional investment potential. The property is zoned C. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.

Highlights

  • $3,138,000 asking price for this 3,276 square foot retail property.
  • Absolute NNN lease with KFC (FQSR, LLC, the largest US franchisee) through July 31, 2044, with two 5-year renewal options and 7% rent bumps every 5 years.
  • High-volume location with an 8.18% rent-to-sales ratio, significantly exceeding KFC system averages; scheduled for remodel by year-end 2026.
  • Excellent visibility and accessibility on a 1.308-acre lot on Andrew Jackson Highway, boasting 63,735 cars per day traffic counts.
  • Strong demographics: 51,111 population within 5 miles and $92,371 average household income within 1 mile.

Property Details for 2021 Roosevelt Blvd

Property type
Retail properties, Restaurants
Square Feet
3,276 SF
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
56,976 SF
Units
1

Location Insight

City
Monroe
County
Union
State
North Carolina
Latitude
35.0033158
Longitude
-80.5553684
2021 Roosevelt Blvd, Monroe, North Carolina

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2021 Roosevelt Blvd
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