2108 Stone Rose DrRocky Mount, NC 27804

Property Details for 2108 Stone Rose Dr

Year built

2008

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property size (Sq ft)

4,160 SF

Zone code

B2

Property type

Drive through restaurants

APN

384012-86-8396

APU

384012868396

Description

This exceptional investment opportunity presents a fee-simple ownership of a 4,167 square foot KFC restaurant located at 2108 Stone Rose Dr, Rocky Mount, NC 27804. The property boasts a brand-new 20-year absolute NNN lease with the largest KFC franchisee in the U.S., FQSR, LLC, a company operating over 800 locations. The lease includes two 5-year renewal options and features a 7% rent increase every five years, ensuring consistent income growth. The property's high sales volume significantly surpasses the KFC systemwide average, resulting in an attractive 8.28% rent-to-sales ratio. A planned remodel by the end of 2030 further demonstrates the tenant's long-term commitment to this location. Situated on a dominant retail corridor, the property benefits from exceptional visibility and high traffic counts, with 34,585 vehicles passing daily on N Wesleyan Blvd and 41,416 on US-64. The property is strategically located near major retailers such as Sam's Club, Lowe's, Target, and Walmart, within a thriving area with a total population of 58,499 within a 5-mile radius and an average household income of $80,194 within 1 mile. The 0.815-acre lot is zoned C, and the single-story building was constructed in 2020. The property offers a 6.15% cap rate and a current NOI of $207,000, making it an attractive investment with significant potential for long-term returns. The asking price is $3,366,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,223,790

  6.5%

  $1,129,650

  7%

  $1,048,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,145,290

  Geo Method

  $993,082

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,280,780

  Mixed-Use / Specialty

  $1,094,170

  Hospitality / Lodging

  $761,796

  Office

  $1,054,900

  Institutional / Educational

  $1,126,250

  Residential Income

  $1,317,710

  Multifamily

  $1,754,790

  Automotive / Energy

  $965,355

  Parking / Income-Based Land

  $364,213

  Restaurant / Food Service

  $501,945

  Healthcare / Senior Housing

  $1,154,310

Location Insight

City

Rocky Mount

County

Nash

State

North Carolina

Latitude

35.9601

Longitude

-77.8208

CBSA code

40580

CBSA name

ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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