103 Laurinburg Rd, Raeford, NC 28376-2521
- Drive through restaurants
- 2,890 SF
- 1.01 lot acres
Current Use by Public Records
- KFC / Restaurant
Property Details for 103 Laurinburg Rd
- Year built
- 1988
- Construction
- FRAME
- Lot size
- 1.01 lot acres
- Property type
- Drive through restaurants
- APN
- 694241201039
- APU
- 694241201039
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 3, 2025 | $2,164,000 | Catherine Piumarta | Quick Service Realco LLC | Special Warranty Deed | — |
| Jul 31, 2024 | $2,190,500 | Quick Service Realco LLC | Zv Pate Incorporated | Special Warranty Deed | — |
| Oct 31, 2005 | $440,000 | Z V Pate INC | Daniel H Devane | Deed | — |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,174 square foot KFC restaurant located at 103 Laurinburg Rd, Raeford, NC 28376. The property sits on a 1.023-acre lot in a high-traffic retail corridor, directly across from a Food Lion-anchored center. Boasting a 20-year absolute NNN lease with FQSR, LLC (the largest KFC franchisee in the U.S.), this property offers exceptional stability and predictable cash flow. The lease features a 6.00% cap rate and a substantial $132,000 annual net operating income (NOI). Rent increases are built in, with a 7% bump every five years. The lease has two five-year renewal options, extending the investment horizon significantly. Built in 2016, this single-story building benefits from high visibility and accessibility on US 401/Laurinburg Rd, with daily traffic counts exceeding 9,000 vehicles. The property's location within a thriving retail area, coupled with the strength of the KFC brand and the long-term lease, makes this a compelling investment prospect. The tenant, a major player in the fast-food industry, is committed to the location, as evidenced by a planned remodel by the end of 2026. The surrounding area boasts a strong demographic profile, with an average household income within one mile exceeding $147,126. This property offers a rare combination of stability, strong returns, and significant long-term growth potential. The property is zoned C.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,055,000
- ML approach
- $1,960,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raeford
- County
- Hoke
- State
- North Carolina
- Longitude
- -79.2359
- Latitude
- 34.9783
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
