Restaurant

KFC | Taco Bell

1471 Washington Street, Williamston, NC 27892

Listing Price: $2,130,000

Cap Rate
5.50%
Tenant Name
KCF & Taco Bell
Years Remaining On Lease
2.20
Gross SF
3,313
Guarantor
Private Guarantee
Rentable SF
3,313
Price/Gross SF
$642.92
Lease Type
Absolute Net
Rent Per Square Feet
$35.37

Investment Overview

Located directly outparcel to a Walmart Supercenter within the Shoppes at Williamston, the subject property rests on one of Williamston’s primary thoroughfares. Williamston is a town in Martin County, North Carolina, and is the county seat of Martin County. The Town is located in North Carolina’s Inner Banks region, and the closest major city is Greenville to the southwest. Williamston was founded in 1779, and named after William Williams, a local military commander.

Investment Highlights

  • Extremely Healthy Sales - Tenant Boasts Excellent Single-Digit Rent-to-Sales Ratio
  • Strong Guarantor - Northwest Restaurants Inc operates 150 locations in six states, and provides a 37 unit guaranty for the Subject Property.
  • Over 10 Years of Operating History - 12.5 Years Remaining on Absolute NNN Lease | 10% Increases Every Five Years with Four Five-Year Options to Extend

Exclusively Listed By

Listing Price: $2,130,000

Cap Rate
5.50%
Tenant Name
KCF & Taco Bell
Years Remaining On Lease
2.20
Gross SF
3,313
Guarantor
Private Guarantee
Rentable SF
3,313
Price/Gross SF
$642.92
Lease Type
Absolute Net
Rent Per Square Feet
$35.37

Investment Highlights

  • Extremely Healthy Sales - Tenant Boasts Excellent Single-Digit Rent-to-Sales Ratio
  • Strong Guarantor - Northwest Restaurants Inc operates 150 locations in six states, and provides a 37 unit guaranty for the Subject Property.
  • Over 10 Years of Operating History - 12.5 Years Remaining on Absolute NNN Lease | 10% Increases Every Five Years with Four Five-Year Options to Extend

Investment Overview

Located directly outparcel to a Walmart Supercenter within the Shoppes at Williamston, the subject property rests on one of Williamston’s primary thoroughfares. Williamston is a town in Martin County, North Carolina, and is the county seat of Martin County. The Town is located in North Carolina’s Inner Banks region, and the closest major city is Greenville to the southwest. Williamston was founded in 1779, and named after William Williams, a local military commander.

Exclusively Listed By

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