1690 Neal Hawkins RdGastonia, NC 28056

This exceptional investment opportunity presents a fee-simple ownership of a 3,513 square foot KFC restaurant located at 1690 Neal Hawkins Rd, Gastonia, NC 28056. The property sits on a 0.909-acre lot and boasts a brand-new 20-year absolute NNN lease with the largest KFC franchisee in the U.S., FQSR, LLC, a company operating over 832 locations (representing over 20% of the U.S. KFC system) and projecting over $1.1 billion in sales in 2024. The lease includes 7% rent bumps every 5 years and two 5-year renewal options, extending the lease to 2044. The property has a current NOI of $184,000, resulting in a 5.85% cap rate. Built in 2017, this single-story building benefits from excellent visibility and access on Neal Hawkins Rd and Union Road, with a daily traffic count of 31,825 vehicles. The location enjoys strong demographics, with a total population of 97,690 within a 5-mile radius and an average household income of $114,684 within a 1-mile radius. The tenant, a highly successful operator, maintains an impressive 8.14% rent-to-sales ratio, significantly exceeding the national average, and has committed to a remodel by the end of 2027. The property is zoned C and offers a secure, long-term investment with substantial upside potential. The asking price is $3,145,000.