KFC Absolute NNN
For Sale
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209 West Harrison Street, Reidsville, NC 27320
Established restaurant investment with an absolute NNN lease and contractual renewal options.
Property Size3,015 SF
Price / SF$452.38
Days on Market53
Property Features for 209 West Harrison Street
General Information
Standard status
Active
Size
3,015 SF
Property subtype
Retail
Listing Agency:
Sands Investment Group Los Angeles
Listed By:
Jonathan Silver · License #02005665
Source:
Crexi
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 28 at 8:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group Los Angeles
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Investment Insights
Based on property information with market context.
The property comprises a 3,015-square-foot KFC restaurant at 209 West Harrison Street in Reidsville, North Carolina. The operating location has served the market for more than 13 years and is positioned at a signalized corner.
FQSR, LLC, doing business as KBP Foods, occupies the property under an absolute triple-net lease. The agreement provides more than 6 years of remaining term, four 5-year renewal options, and 10% rent increases at each 5-year interval. Nearby national retailers include Walgreens, McDonald's, and CVS, creating an established commercial setting around the restaurant.
FQSR, LLC, doing business as KBP Foods, occupies the property under an absolute triple-net lease. The agreement provides more than 6 years of remaining term, four 5-year renewal options, and 10% rent increases at each 5-year interval. Nearby national retailers include Walgreens, McDonald's, and CVS, creating an established commercial setting around the restaurant.
Key Highlights
- 3,015‑square‑foot KFC restaurant at 209 West Harrison Street
- Absolute triple‑net lease with zero landlord responsibilities
- More than 6 years remaining on the current lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,515
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,300
$810.3K
Cap Rate 7%
$578,786
$578.8K
Cap Rate 9%
$450,167
$450.2K
Market Conditions
NOI Build-Up for 3,015 SF
Gross rent
$57.2K $18.96/SF
− Vacancy
−$3.1K −$1.04/SF
EGI
$54.0K $17.92/SF
− OpEx
−$13.5K −$4.48/SF
NOI
$40.5K $13.44/SF
Area
Rockingham County, NC
Vacancy
5.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,300
Cap Rate 7%
$578,786
Cap Rate 9%
$450,167
Alternative Uses
Best Use
Specialty Retail
$578.8K
$506.4K – $675.3K
NOI $40,515 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$994.0K
$869.8K – $1.16M
NOI $69,582 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 27320, NC
37,843
Population
17,876
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
244.9 sq mi
ZIP Area
155
Density / Sq Mi
$55,491
Median Household Income
$37,258
Median Earnings
$776
Median Rent
$170,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Established restaurant investment with an absolute NNN lease and contractual renewal options.
Where is this nnn property located?
The property is located at 209 West Harrison Street Reidsville, NC.
What is the asking price?
The asking price for this property is $1,363,911.
What are key features of this property?
This property features: 3,015‑square‑foot KFC restaurant at 209 West Harrison Street; Absolute triple‑net lease with zero landlord responsibilities; More than 6 years remaining on the current lease term
