15 State RdBennettsville, SC 29512

Property Details for 15 State Rd

Year built

2023

Lot size

2.03 AC

Property size (Sq ft)

3,329 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Bennettsville

County

Marlboro

State

South Carolina

Latitude

34.6113

Longitude

-79.7096

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