For Sale
$2,883,000

1704 Sandhills Blvd Aberdeen, NC 28315

High-performing KFC, 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple ownership of a 3,623 square foot KFC restaurant located at 1704 N Sandhills Blvd, Aberdeen, NC 28315. The property sits on a 1.033-acre lot in a prime retail location with excellent visibility and access on N Sandhills Blvd and E Hwy 501, boasting a daily traffic count of 66,083 vehicles. The single-tenant building, constructed in 2016, is currently operating at 100% occupancy under a 20-year absolute NNN lease with FQSR, LLC, the largest KFC franchisee in the U.S., expiring July 31, 2044. The lease includes two five-year renewal options and features a 7% rent increase every five years. The property generates a strong net operating income (NOI) of $173,000, resulting in a 6.00% cap rate. The tenant, FQSR, LLC, manages approximately 832 KFC locations, representing over 20% of all U.S. KFC locations, and projects sales exceeding $1.1 billion in 2024. This location's sales significantly surpass the KFC system average, demonstrating its consistent success with an attractive 8.15% rent-to-sales ratio. A planned remodel by the end of 2026 further underscores the tenant's long-term commitment. The surrounding area boasts strong demographics, including a total population of 44,897 within a 5-mile radius and an average household income of $136,340 within a 1-mile radius. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a thriving retail market. The property is zoned C.

Highlights

  • $2,883,000 asking price for a 3,623 square foot retail property with a 6.00% cap rate and $173,000 NOI.
  • Absolute NNN lease with KFC (FQSR, LLC, the largest US franchisee) through 7/31/2044, with two 5-year renewal options.
  • 7% rent bumps every 5 years; 8.15% rent-to-sales ratio; scheduled remodel by year-end 2026.
  • High-visibility location in Aberdeen, NC's main retail node on a 1.033-acre lot, with 66,083 cars per day traffic count on N Sandhills Blvd & E Hwy 501.
  • Strong demographics: 44,897 population within 5 miles, $136,340 average household income within 1 mile.

Property Details for 1704 Sandhills Blvd

Property type
Retail properties, Restaurants
Square Feet
3,623 SF
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
44,997 SF
Units
1

Location Insight

City
Aberdeen
County
Moore
State
North Carolina
Latitude
35.1535259
Longitude
-79.4154445

FAQs

What type of property is this?
Retail property - High-performing KFC, 20-year lease.
Where is the retail property located?
The property is located at 1704 Sandhills Blvd Aberdeen, NC.
What is the asking price?
The asking price for this property is $2,883,000.
What are key features of this property?
This property features: $2,883,000 asking price for a 3,623 square foot retail property with a 6.00% cap rate and $173,000 NOI.; Absolute NNN lease with KFC (FQSR, LLC, the largest US franchisee) through 7/31/2044, with two 5-year renewal options.; 7% rent bumps every 5 years; 8.15% rent-to-sales ratio; scheduled remodel by year-end 2026.
How can I contact the broker?
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1704 Sandhills Blvd
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