Rehold

KFC - (800+ UNIT OPERATOR) GASTONIA, NC

3,513 SF | Retail Building | Gastonia, NC 28056 | $3,145,000 ($895/SF) | 5.85% Cap Rate

Asking Price $3,145,000

Property Type: Retail, Restaurant
Square Feet: 3,513 SF
Price / Square Foot: $895

Listing Contacts

Kendall Carlsen

Kendall Carlsen

Verified Profile

Property Info

Property Overview

(Building & Land) Fee Simple

Property Details

Class: B
Year Built/Renovated: 1998/2017
Stories: 1
Property Subtype: Bank, Storefront
Lot Size (sq. ft): 40,511 SF

Highlights

Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
KBP Foods (the largest KFC franchisee in the U.S.) operates ±800 locations in 28 states (+20% of KFC locations in the U.S. system)
Generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
Successfully open & operating for decades with an attractive 8.14% rent to sales ratio (Sales well Above National Average)!
Excellent visibility/access on Neal Hawkins Rd & Union Road with traffic counts of 31,825 CPD!
2023 DEMOGRAPHICS: Total Population (5-MI): 97,690 | Average Household Income (1-MI): $114,684

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