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1354 E Broad Ave
Rockingham, NC 28379
KFC - ROCKINGHAM, NC · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG -TERM LEASE - Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- TENANT- FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±832 locations (+20% of KFC locations in the U.S. system)
- HIGH TRAFFIC COUNTS/VISIBILITY - Well positioned on a pad site to a Lowe’s Home Improvement Shopping Center (hard corner/signalized intersection)
- OPERATOR | TENANT - Parent Company of KBP Foods operates ±1,090 locations across 4 brands in 32 states
- HIGH SALES VOLUMES - Sales well above the KFC Systemwide Average with an attractive 8.93% Rent-to- Sales ratio!
- 2023 DEMOGRAPHICS: Total Population (5-MI): 30,081 | Average Household Income (1-MI): $74,180
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,002 SF
Building Class
B
Year Built
2016
Price
$4,986,392 CAD
Price Per SF
$1,661.02 CAD
Cap Rate
6.50%
NOI
$324,102 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.72 AC
Zoning
C
Frontage
103’ on East Broad Avenue
AMENITIES
- Restaurant
- Signage
- Drive Thru
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