2108 Stone Rose Dr Rocky Mount, NC 27804-2556
- Drive through restaurants
- 4,160 SF
- 1.00 lot acres
Current Use by Public Records
- KFC / Chicken Restaurant / Fast Food Restaurant
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,185,000
- 6.5%
- $3,270,000
- 7%
- $3,595,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,420,000
- Geo Method
- $3,715,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,215,000
- Retail
- $2,890,000
- Mixed-Use
- $3,670,000
- Hospitality
- $3,590,000
- Educational
- $3,780,000
- Residential Income
- $3,485,000
- Energy
- $3,225,000
- Income-Based Land
- $3,705,000
- Food Service
- $3,755,000
Location Insight
- Map
- Local Demand
- 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
