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709 Main St 2,441 SF Retail Building Ripley, WV 25271 $1,135,621 ($465.23/SF) 6.60% Cap Rate
Investment Highlights
- Brand New 20-Year NNN Lease Upon the close of escrow, the tenant will sign a brand new 20-year absolute triple net lease
- Experienced Franchisee Ampex Brands operates around 400 units of KFC, Taco Bel, Tim Horton's, Long John Silver's, and 7-Eleven
- Rental Increases The lease features seven-and-a-half percent (7.5%) increases every five (5) years
Executive Summary
Bang Realty is pleased to present the exclusive listing for a KFC located at 709 W Main Street, Ripley, WV 25271. The site consists of roughly 2,441 rentable square feet of building space on an estimated 1.31-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $74,951 and has scheduled increases of 7.50% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,441 SF
Building Class
C
Year Built
1990
Price
$1,135,621
Price Per SF
$465.23
Cap Rate
6.60%
NOI
$74,951
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.31 AC
Frontage
41’ on Main St
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-7-00020004 | Improvements Assessment | $140,520 |
| Land Assessment | $61,860 | Total Assessment | $202,380 |
Property Taxes
Parcel Number
05-7-00020004
Land Assessment
$61,860
Improvements Assessment
$140,520
Total Assessment
$202,380
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709 Main St