1704 Sandhills Blvd Aberdeen, NC 28315

Property Details for 1704 Sandhills Blvd

Year built

2016

Lot size

1.03 lot acres

Property size

3,623 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,623 square foot KFC restaurant located at 1704 N Sandhills Blvd, Aberdeen, NC 28315. The property sits on a 1.033-acre lot in a prime retail location with excellent visibility and access on N Sandhills Blvd and E Hwy 501, boasting a daily traffic count of 66,083 vehicles. The single-tenant building, constructed in 2016, is currently operating at 100% occupancy under a 20-year absolute NNN lease with FQSR, LLC, the largest KFC franchisee in the U.S., expiring July 31, 2044. The lease includes two five-year renewal options and features a 7% rent increase every five years. The property generates a strong net operating income (NOI) of $173,000, resulting in a 6.00% cap rate. The tenant, FQSR, LLC, manages approximately 832 KFC locations, representing over 20% of all U.S. KFC locations, and projects sales exceeding $1.1 billion in 2024. This location's sales significantly surpass the KFC system average, demonstrating its consistent success with an attractive 8.15% rent-to-sales ratio. A planned remodel by the end of 2026 further underscores the tenant's long-term commitment. The surrounding area boasts strong demographics, including a total population of 44,897 within a 5-mile radius and an average household income of $136,340 within a 1-mile radius. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a thriving retail market. The property is zoned C.

Location Insight

City

Aberdeen

County

Moore

State

North Carolina

Longitude

-79.4154

Latitude

35.1535