KFC – KINGSTREE, SC

Kingstree, SC

Price $2,317,000
Cap Rate 6.00%
TYPE Single-Tenant
STATUS Available
Tenant FQSR, LLC dba. KBP FOODS
LEASE TYPE Absolute NNN
SQUARE FEET 2,417
YEAR BUILT 2024
LEASE EXP. 06/30/2044
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

KFC has a Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew. The Tenant, 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) and generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations). It is Successfully open & operating for decades with an attractive 8.50% Rent-to-Sales ratio! Slated for remodel in 2031 – showing Tenant’s commitment to this location!

The Asset is Well-positioned in Downtown Kingstree with great visibility/access on N Longstreet St with traffic counts of 11,939 CPD! Just north of Main St with traffic counts of 6,737 CPD. Retailers in Kingstree include Roses Express, Citi Trends, Food Lion, IGA, CVS, True Value, Dollar Tree, Dollar General, Family Dollar, Aaron’s, Advance Auto Parts, AutoZone, O’Reilly Auto Parts, Carquest; Dining options include Pizza Hut, McDonald’s, Burger King, Sonic Drive-In, Hardee’s, Domino’s Pizza, and Subway; 1.5 miles from Williamsburg Technical College – a public two-year college offering associate degrees, diplomas, certificates & continuing education units with 635 students.

BRIAN BROCKMAN – Principal Broker
Bang Realty-South Carolina, Inc. LIC # 108250

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
  • Successfully open & operating for decades with an attractive 8.50% Rent-to-Sales ratio! Slated for remodel in 2031 - showing Tenant’s commitment to this location!
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 9,267 | Average Household Income (1-MI): $104,895
  • 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) and generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
  • Well-positioned in Downtown Kingstree with great visibility/access on N Longstreet St with traffic counts of 11,939 CPD! Just north of Main St with traffic counts of 6,737 CPD