KFC for Sale in Reidsville, NC
Reidsville, NC
Key Investment Metrics
Price
$1,600,000
Cap Rate
5.8%
Net Operating Income
$92,064
Building Size
3015 SF
Remaining Term
6.5 years
Lease Expiration
12/31/2032
Lease Term
20 years
Lease Commencement
12/31/2012
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1987
Occupancy
100%
Tenancy
Single
Rent Increases
10% in January 2028 & Options
AI illustration · Not the listed propertyProperty overview
KFC in Reidsville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,015 SF
- Year built
- 1987
- Lease type
- Absolute NNN
- Lease expiration
- 12/31/2032
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.