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- LoopNet Team
117 Lakeview Dr
Madison Heights, VA 24572
KFC Restaurant · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Restaurant
ABOUT 117 LAKEVIEW DR , MADISON HEIGHTS, VA 24572
The subject property is a single tenant KFC quick service restaurant located in Madison Heights (Lynchburg), Virginia. The operator and tenant is JRN, Inc. one of the largest franchisees in the KFC system. The property is subject to an absolute net lease through December 2032, with scheduled rent increases every 5 years. The next increase is in December 2022. KFC is conveniently located at 117 Lakeview Drive in front of Seminole Plaza (Big Lots, Central Virginia Credit Union, Arby's, Papa Johns Pizza). This is an ideal property for a passive investor seeking long term reliable cash flow. Listed in conjunction with Gentry Commercial Real Estate, Inc. (VA Lic. 0225033997)
PROPERTY TAXES
| Parcel Number | 156-A-6A | Improvements Assessment | $396,900 |
| Land Assessment | $137,000 | Total Assessment | $533,900 |
PROPERTY TAXES
