1797 Asheville Hwy | Spartanburg, SC 29303
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1797 Asheville Hwy
Spartanburg, SC 29303
KFC - (ASHEVILLE) SPARTANBURG, SC · Retail Property For Sale
Investment Highlights
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- Will Generate Sales in Excess of $1 Billion in 2022 (FQSR, LLC is the Tenant on the Lease, Encompasses All Restaurant Locations
- Situated on a Large ±1.18-Acre Lot with Great Visibility/Access on Asheville Highway - Just Off the Hard Corner
- KBP Foods (the Largest KFC Franchisee in the U.S.) Operates ±850 Locations in 27 States (20% of Locations in the U.S. System)
- Successfully Open & Operating for Decades with an Attractive 8.11% Rent to Sales Ratio! Reconstructed in 2020 to American Showman Prototype
- Total Population: 102,442 | Average Household Income: $59,328
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,658 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.18 AC
Parking
67 Spaces (6.83 Spaces per 1,000 SF Leased)
Frontage
120 ft on Asheville Hwy
Amenities
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 6-13-02-010.02 | Improvements Assessment | $78,953 |
| Land Assessment | $29,522 | Total Assessment | $108,475 |
PROPERTY TAXES
Parcel Number
6-13-02-010.02
Land Assessment
$29,522
Improvements Assessment
$78,953
Total Assessment
$108,475
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