103 Laurinburg RdRaeford, NC 28376

Property Details for 103 Laurinburg Rd

Year built

1988

Construction

FRAME

Lot size

1.01 AC

Property size (Sq ft)

2,890 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

694241201039

APU

694241201039

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,174 square foot KFC restaurant located at 103 Laurinburg Rd, Raeford, NC 28376. The property sits on a 1.023-acre lot in a high-traffic retail corridor, directly across from a Food Lion-anchored center. Boasting a 20-year absolute NNN lease with FQSR, LLC (the largest KFC franchisee in the U.S.), this property offers exceptional stability and predictable cash flow. The lease features a 6.00% cap rate and a substantial $132,000 annual net operating income (NOI). Rent increases are built in, with a 7% bump every five years. The lease has two five-year renewal options, extending the investment horizon significantly. Built in 2016, this single-story building benefits from high visibility and accessibility on US 401/Laurinburg Rd, with daily traffic counts exceeding 9,000 vehicles. The property's location within a thriving retail area, coupled with the strength of the KFC brand and the long-term lease, makes this a compelling investment prospect. The tenant, a major player in the fast-food industry, is committed to the location, as evidenced by a planned remodel by the end of 2026. The surrounding area boasts a strong demographic profile, with an average household income within one mile exceeding $147,126. This property offers a rare combination of stability, strong returns, and significant long-term growth potential. The property is zoned C.

• CAP approach

  CAP return

  Valuation

  6%

  $1,099,484

  6.5%

  $1,014,908

  7%

  $942,414

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,664,195

  Geo Method

  $1,671,694

• Alternative Use

  Use

  Valuation

  Residential

  $856,113

  Hospitality

  $784,195

  Educational

  $652,441

  Medical

  $674,879

  Retail

  $1,014,908

Location Insight

City

Raeford

County

Hoke

State

North Carolina

Latitude

34.9783

Longitude

-79.2359

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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