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KFC - DANVILLE, VA 604 Memorial Dr 2,267 SF Retail Building Danville, VA 24541 $2,195,000 ($968.24/SF) 5.85% 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
KFC has Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years! Parent Company of KBP Foods operates ±1,050 locations across 4 brands in 32 states. Tenant – FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1 billion in 2026 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations). It is Successfully open & operating for decades with an attractive 8.68% Rent-to- Sales Ratio!
The Asset is Well-positioned on a ±0.704 acre parcel with exceptional visibility/access on VA- 413/Memorial Dr (main east/west thoroughfare) with traffic counts of 13,800 CPD! Major retailers in Danville include Walmart, Target, Sam’s Club, Home Depot, Lowe’s, Hobby Lobby, Old Navy, Marshalls, Dunham’s Sports, Citi Trends, Belk, Shoe Carnival, PetSmart, Ashley Store, Schewels Home, Tractor Supply Co., True Value, Harbor Freight Tools, Ollie’s Bargain Outlet, Goodwill, Aldi, Food Lion, Piggly Wiggly, and Planet Fitness. KFC is 2 miles from Danville Community College – a public community college offering various degrees & programs serving 3,141 students; 2 miles from Averett University – a four-year, private Baptist college offering 30+ majors, minors & special programs with nearly 1,500 students; Less than 2 miles from Sovah Health Danville – a 250-bed academic community hospital with the region’s only designated Chest Pain Center & Certified Advanced Primary Stroke Center, serving the community and region for more than 120 years.
(Building & Land) Fee Simple.
The Asset is Well-positioned on a ±0.704 acre parcel with exceptional visibility/access on VA- 413/Memorial Dr (main east/west thoroughfare) with traffic counts of 13,800 CPD! Major retailers in Danville include Walmart, Target, Sam’s Club, Home Depot, Lowe’s, Hobby Lobby, Old Navy, Marshalls, Dunham’s Sports, Citi Trends, Belk, Shoe Carnival, PetSmart, Ashley Store, Schewels Home, Tractor Supply Co., True Value, Harbor Freight Tools, Ollie’s Bargain Outlet, Goodwill, Aldi, Food Lion, Piggly Wiggly, and Planet Fitness. KFC is 2 miles from Danville Community College – a public community college offering various degrees & programs serving 3,141 students; 2 miles from Averett University – a four-year, private Baptist college offering 30+ majors, minors & special programs with nearly 1,500 students; Less than 2 miles from Sovah Health Danville – a 250-bed academic community hospital with the region’s only designated Chest Pain Center & Certified Advanced Primary Stroke Center, serving the community and region for more than 120 years.
(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
$2,195,000
Price Per SF
$968.24
Cap Rate
5.85%
NOI
$128,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,267 SF
- $56.64
- Triple Net
- Nov 2041
KFC began in 1952 when Colonel Harland Sanders expanded a fried chicken recipe into the first Kentucky Fried Chicken franchise in Utah, building on earlier work in Kentucky. The company now operates as a global chicken restaurant brand and a subsidiary of Yum! Brands, with a menu centred on fried chicken, chicken sandwiches, tenders, bowls, sides and beverages. KFC's business spans restaurant operations, franchising, digital ordering and brand marketing across a wide international network. The company continues to focus on fried chicken as its core offer while adapting menus for local markets and supporting community programmes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,267 SF | $56.64 | Triple Net | Nov 2041 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
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