For Sale
$2,233,000

15 State RdBennettsville, SC 29512

High-traffic SC location, 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 3,329 square foot KFC restaurant in Bennettsville, South Carolina. The property boasts a 20-year absolute NNN lease with the largest KFC franchisee in the U.S., FQSR, LLC, a company operating over 832 locations and projecting over $1.1 billion in sales in 2024. The lease, commencing July 31, 2023, includes two five-year renewal options and features a 7% rent increase every five years. The property's strong financial performance is evident in its above-average KFC sales and attractive 7.98% rent-to-sales ratio. Situated on a prominent 2.028-acre corner lot at the signalized intersection of Hwy 15-401 Bypass W & Cottingham Blvd S, this location benefits from high visibility and significant daily traffic counts of 24,662 vehicles. The building, constructed in 2023, is scheduled for its next remodel by the end of 2034, demonstrating the tenant's long-term commitment. The surrounding area showcases a desirable demographic profile, with a 5-mile population of 14,180 and an average household income of $55,761 within a 1-mile radius. The property's current Net Operating Income (NOI) is $134,000, yielding a 6.00% cap rate. This is a single-tenant, single-story building with C zoning. The asking price is $2,233,000.

Highlights

  • Brand new 20-year Absolute NNN lease with 7% rent increases every 5 years, plus two 5-year renewal options.
  • Leased to FQSR, LLC, the largest US KFC franchisee, operating over 832 locations (20% of the US system) with projected 2024 sales exceeding $1.1 billion.
  • Strong financial performance: above-average KFC sales and a 7.98% rent-to-sales ratio. 2023 construction, next remodel scheduled for year-end 2034.
  • High-visibility location on a signalized hard corner of Hwy 15-401 Bypass W & Cottingham Blvd S, with 24,662 vehicles passing daily. 2.028-acre parcel.
  • Desirable demographics: 5-mile population of 14,180 and average household income of $55,761 within 1 mile.

Property Details for 15 State Rd

Property type
Retail properties, Restaurants
Square Feet
3,329 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
88,340 SF
Units
1

Location Insight

City
Bennettsville
County
Marlboro
State
South Carolina
Latitude
34.6112814
Longitude
-79.7095752
15 State Rd, Bennettsville, South Carolina

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15 State Rd
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