520 2Nd St Lumberton, NC 28358
High-yield KFC, 20-year lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
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
FAQs
- What type of property is this?
- Retail property - High-yield KFC, 20-year lease.
- Where is the retail property located?
- The property is located at 520 2Nd St Lumberton, NC.
- What is the asking price?
- The asking price for this property is $2,000,000.
- What are key features of this property?
- This property features: 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.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].