Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a newly renovated KFC in Kingstree, South Carolina. This KFC offers a long-term, triple net (NNN) sale leaseback with no landlord responsibilities. Lease commencement is upon the Close of Escrow (COE) with lease expiration 20 years from COE. There are four, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. The building’s exterior and interior were fully renovated in 2022. Luihn VantEdge Partners, LLC is an experienced franchisee who owns and operates over 200 restaurants spanning over five states with more than 4,500 employees. Kingstree is the county seat and largest city in Williamsburg County and located in the eastern part of South Carolina, halfway between Florence and Charleston. The Subject Property is 73 miles from Charleston, a port city and the largest city in the state by population, and 81 miles from Columbia, the Capital city of South Carolina. This KFC benefits from being within walking distance from Clemson University Cooperative Extension Service, which is comprised of approximately 200+ staff and faculty. Clemson University is considered one of the best colleges in the state. The immediate area is home to several educational institutions serving more than 3,000 students in a two-mile radius. Surrounding national brands include IGA Food Mart, Food Lion, Dollar General, Family Dollar, Farmers Home Furniture, Citi Trends, Napa Auto Parts, Carquest Auto Parts, Fresenius Medical Care, CVS, Hardee’s, McDonald’s, Burger King, Sonic Drive-In, True Value Hardware and many more.