2108 Stone Rose Dr Rocky Mount, NC 27804-2556

Property Details for 2108 Stone Rose Dr

Year built

2008

Construction

CONCRETE BLOCKS

Lot size

1.00 lot acres

Property size

4,160 SF

Zone code

B2

Property type

Drive through restaurants

APN

384012-86-8396

APU

384012868396

Description

This exceptional investment opportunity presents a fee-simple ownership of a 4,167 square foot KFC restaurant located at 2108 Stone Rose Dr, Rocky Mount, NC 27804. The property boasts a brand-new 20-year absolute NNN lease with the largest KFC franchisee in the U.S., FQSR, LLC, a company operating over 800 locations. The lease includes two 5-year renewal options and features a 7% rent increase every five years, ensuring consistent income growth. The property's high sales volume significantly surpasses the KFC systemwide average, resulting in an attractive 8.28% rent-to-sales ratio. A planned remodel by the end of 2030 further demonstrates the tenant's long-term commitment to this location. Situated on a dominant retail corridor, the property benefits from exceptional visibility and high traffic counts, with 34,585 vehicles passing daily on N Wesleyan Blvd and 41,416 on US-64. The property is strategically located near major retailers such as Sam's Club, Lowe's, Target, and Walmart, within a thriving area with a total population of 58,499 within a 5-mile radius and an average household income of $80,194 within 1 mile. The 0.815-acre lot is zoned C, and the single-story building was constructed in 2020. The property offers a 6.15% cap rate and a current NOI of $207,000, making it an attractive investment with significant potential for long-term returns. The asking price is $3,366,000.

Location Insight

City

Rocky Mount

County

Nash

State

North Carolina

Longitude

-77.8208

Latitude

35.9601

CBSA code

40580

CBSA name

ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments