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KFC – MARTINSVILLE, VA 18 Tensbury Dr 3,249 SF Retail Building Martinsville, VA 24112 $2,594,060 CAD ($798.42 CAD/SF) 5.65% Cap Rate
Investment Highlights
- LONG-TERM ABSOLUTE NNN LEASE: Over 15 years remaining on Absolute NNN lease with attractive 7.00% rental escalations every 5 years
- Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system)
- TRAFFIC COUNTS: Well-positioned on a large ±1.05-acre lot with excellent visibility from Greensboro Rd (main north/south thoroughfare)
- OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,100 locations across 4 brands in 32 states.
- SEASONED LOCATION: Successfully open & operating for decades with an attractive 8.42% Rent-to- Sales ratio (YE 2025)!
- 2025 DEMOGRAPHICS: Total Population (5MI): 30,964| Average Household Income (1MI): $76,079
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,249 SF
Building Class
C
Year Built
2013
Price
$2,594,060 CAD
Price Per SF
$798.42 CAD
Cap Rate
5.65%
NOI
$146,549 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.05 AC
Opportunity Zone
Yes
Zoning
C
Frontage
111’ on Tensbury Drive
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Monument Signage
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 | 046850023 | Improvements Assessment | $850,123 CAD |
| Land Assessment | $266,254 CAD | Total Assessment | $1,116,377 CAD |
Property Taxes
Parcel Number
046850023
Land Assessment
$266,254 CAD
Improvements Assessment
$850,123 CAD
Total Assessment
$1,116,377 CAD
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KFC – MARTINSVILLE, VA | 18 Tensbury Dr
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