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    OFF-MARKET
    Retail properties & Spaces

    1704 Sandhills Blvd, Aberdeen, NC 28315

    3,623 SF 1.03 ac lot Built 2016
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2016
    Total area 3,623 SF
    Lot 1.03 ac (44,997 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • KFC Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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