KFC

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Price:

CAP Rate:

NOI:

Year Built / Renovated:

Rentable SF:

Lot Size:

$2,010,000

6.50%

130,630

2009, Renovated in 2021 & 2023

2,500

0.75 acres

Absolute NNN Lease: With an absolute net lease, this property offers investors competitive returns with ZERO landlord responsibilities.

Recent Renovation/Tenant Commitment: At Tenant’s sole expense, Tenant installed a brand-new roof (2023), and two brand new HVAC units (2021/2023), demonstrating Tenant’s long-term commitment to this location.

Established Operator: JRN, Inc., KFC’s 3rd largest franchisee, operates 157 KFC’s across 10 different states, providing landlords with a very strong operator and guarantor.

Above Average Store Sales: In 2023, this location generated more than $1.8 million in annual sales, which is significantly higher than KFC’s national average.

Strong Parent Company: With over 59,000 restaurants across 155 countries and territories, Yum! Brands is the world’s largest restaurant company, with over $60 Billion in system-wide sales.

Excellent Demos: With over 108,000 residents within a 5-mile radius and an average household income of $99,131, this location is ideally positioned to serve a large and affluent customer base.

Strategic Location: This property is strategically located on the bustling W. Wade Hampton corridor (47,300 VPD), and is closely situated to strong retail presences, such as Chick-fil-A, Starbucks, Lowe’s, Home Depot, Food Lion, and Ross.

Rapidly Developing Market: Greenville has gained recognition as a major destination for relocation and a rapidly growing city, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, Tesla, and many more.

For more information:

Robert Schmidt, CCIM
Director & Shareholder
(864) 678-5995
Peter Couchell, CCIM
Managing Director & Shareholder
(864) 678-5923
Lawrence Myers
Associate
864-313-2817

Property Summary

Property Type:

Retail

Lot Size:

0.75 Acres

Year Built:

2009, Renovated in 2021 & 2023

Buildings:

1

Stories:

1

Investment Summary

CAP Rate:

6.50%

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Confidentiality Agreement Form


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Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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