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111 E Caswell St
Wadesboro, NC 28170

Price Upon Request

Bank For Sale  •  3,284 SF

Property Details

  • Property Type Bank
  • Total Building Size 3,284 SF
  • Lot Size 1.67 AC
  • Building Class C
  • Year Built 1990
  • Tenancy Single
  • Zoning C
40 Walk Score

Highlights

Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
Parent Company of KBP Foods operates ±1,090 locations across 4 brands in 32 states.
Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±832 locations (+20% of KFC locations in the U.S. system)
Successfully open & operating since 2018 with an attractive 8.22% rent to sales ratio (sales well above national average)!
This parcel sits on a LARGE ±2.078-ACRE lot - well-positioned in Downtown Wadesboro - close proximity to Food Lion & Tractor Supply Co.
2023 DEMOGRAPHICS: Total Population (5-MI): 9,260 | Average Household Income (1-MI): $60,044

Major Tenants

Tenant SF Occupied Lease End Date
Truist

Amenities

  • Bus Line
  • Freeway Visibility
  • Restaurant
  • Signalized Intersection
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes