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KFC - DANVILLE, VA 604 Memorial Dr 2,267 SF Retail Building Danville, VA 24541 $2,335,000 ($1,030.00/SF) 5.50% Cap Rate
Investment Highlights
- LONG-TERM ABSOLUTE NNN LEASE: Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years!
- Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations
- TRAFFIC COUNTS: Well-positioned on a ±0.704 acre parcel with exceptional visibility/access on VA- 413/Memorial Dr
- OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,050 locations across 4 brands in 32 states
- SEASONED SALES LOCATION: Successfully open & operating for decades with an attractive 8.68% Rent-to- Sales Ratio!
- 2025 DEMOGRAPHICS: Total Population (5MI): 80,449 | Average Household Income (1MI): $71,048
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,267 SF
Building Class
C
Year Built
1983
Price
$2,335,000
Price Per SF
$1,030.00
Cap Rate
5.50%
NOI
$128,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
C
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Nov 2041
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Nov 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 24515 | Improvements Assessment | $426,200 |
| Land Assessment | $49,800 | Total Assessment | $476,000 |
Property Taxes
Parcel Number
24515
Land Assessment
$49,800
Improvements Assessment
$426,200
Total Assessment
$476,000
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KFC - DANVILLE, VA | 604 Memorial Dr
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