1354 Broad Ave Rockingham, NC 28379-4904
Property profile & analytics
1354 Broad Ave Rockingham, NC 28379-4904
- Commercial real estate
- 1.14 lot acres
Property ID
US53-3619202
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- KFC / Restaurant
Property Details for 1354 Broad Ave
- Lot size
- 1.14 lot acres
- Zone code
- B3
- Property type
- Commercial real estate
- APN
- 747202565834
- APU
- 747202565834
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,002 square foot KFC restaurant located at 1354 E Broad Ave, Rockingham, NC 28379. The property sits on a 0.716-acre lot and benefits from a brand new 20-year absolute NNN lease with FQSR, LLC, the largest KFC franchisee in the U.S., expiring July 31, 2044. This lease includes two 5-year renewal options and features a 7% rent increase every five years. The property boasts a 6.15% cap rate and a current NOI of $212,000. Built in 2016, this single-story building enjoys a prime location on a pad site adjacent to a Lowe's Home Improvement store, at a hard corner with a signalized intersection. The high-traffic location on E Broad Ave sees 25,166 cars per day, providing excellent visibility and accessibility. Sales significantly exceed the KFC systemwide average, resulting in an attractive 7.99% rent-to-sales ratio. The tenant is slated for a remodel by the end of 2026, demonstrating their long-term commitment to this location. The surrounding area includes a mix of national retailers such as Belk, Ross Dress for Less, Walmart, and numerous other businesses. The property is also conveniently located less than three miles from Richmond Community College and less than one mile from FirstHealth Moore Regional Hospital. 2023 demographics show a total population within a five-mile radius of 30,081 and an average household income within one mile of $74,180. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a strong tenant and excellent location. The property is zoned C.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,505,000
- ML approach
- $3,505,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rockingham
- County
- Richmond
- State
- North Carolina
- Longitude
- -79.7488
- Latitude
- 34.9205
- CBSA code
- 40460
- CBSA name
- ROCKINGHAM, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,113
$415,126
$0.00
$415,126
-
$415,126
$0.00
$415,126
