1704 Sandhills Blvd Aberdeen, NC 28315
High-performing KFC, 20-year lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
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
Nearby Similar for Sale
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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