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KFC 1329 W Wade Hampton Blvd
2,500 SF Retail Building Greer, SC 29650 $2,010,000 USD ($804 USD/SF) 6.50% Cap Rate
Executive Summary
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.
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.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
2009/2021
Price
$2,010,000 USD
Price Per SF
$804 USD
Cap Rate
6.50%
NOI
$130,630 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
Parking
55 Spaces (22 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | T014.00-02-001.02 | Improvements Assessment | $53,360 USD |
Land Assessment | $30,380 USD | Total Assessment | $83,740 USD |
PROPERTY TAXES
Parcel Number
T014.00-02-001.02
Land Assessment
$30,380 USD
Improvements Assessment
$53,360 USD
Total Assessment
$83,740 USD
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KFC | 1329 W Wade Hampton Blvd
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