212 Washington St Wadesboro, NC 28170-2258
Property profile & analytics
212 Washington St Wadesboro, NC 28170-2258
- Banks
- 3,367 SF
- 2.08 lot acres
Property ID
US53-1733428
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 212 Washington St
- Year built
- 1990
- Lot size
- 2.08 lot acres
- Property size
- 3,367 SF
- Property type
- Banks
- APN
- 6474-16-74-9896
- APU
- 647416749896
Description
Exceptional investment opportunity featuring a 3,284 square foot KFC restaurant located at 212 N Washington St, Wadesboro, NC 28170. This single-tenant, absolute NNN net lease boasts a strong 6.00% cap rate and a substantial $161,000 annual NOI. The property sits on a 2.078-acre lot, enjoying high visibility and accessibility on US-52 and US-74, with impressive daily traffic counts of 32,364 vehicles. The lease with FQSR, LLC (the largest KFC franchisee in the US) extends to July 30, 2044, offering a secure, long-term investment. The lease includes 7% rent bumps every five years and two five-year renewal options. The restaurant, built in 2018, has consistently performed above average, exhibiting an 8.22% rent-to-sales ratio and is slated for a remodel by the end of 2028, demonstrating the tenant's commitment to the location. The surrounding area offers strong demographics, with a population of 9,260 within a five-mile radius and an average household income of $60,044 within one mile. This property presents a rare opportunity to acquire a well-established, high-performing KFC location in a desirable market. The asking price is $2,683,000. The property is zoned C and includes fee simple ownership of both the building and land.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Wadesboro
- County
- Anson
- State
- North Carolina
- Longitude
- -80.0749
- Latitude
- 34.9676
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN 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
2018
$83,285
$390,900
$808,800
$1,199,700
-
$390,900
$808,800
$1,199,700
