520 2Nd StLumberton, NC 28358
High-yield KFC, 20-year lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Brand new 20-year absolute NNN lease with 7% rent increases every 5 years.
- Leased to FQSR, LLC, the largest KFC franchisee in the US, operating over 832 locations and projecting over $1.1 billion in sales in 2024.
- Successfully operating since 2007, with an 8.72% rent-to-sales ratio and a planned remodel by year-end 2030.
- Located on a 1.576-acre lot with high visibility on W 5th St & NC-72, with 13,968 cars per day traffic counts.
- Strong demographics: 30,677 total population within 5 miles and $78,482 average household income within 1 mile.
Property Details for 520 2Nd St
- Property type
- Retail properties, Restaurants
- Square Feet
- 3,521 SF
- Year Built
- 2020
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 68,651 SF
- Units
- 1
Location Insight
- City
- Lumberton
- County
- Robeson
- State
- North Carolina
- Latitude
- 34.619918409014
- Longitude
- -79.015742717122
Nearby Similar for Sale
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