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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

Attachments

kfc.danville_PKG

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
$3,195,984 CAD
Price Per SF
$1,409.79 CAD
Cap Rate
5.50%
NOI
$175,745 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
C
Frontage
116’ on Memorial Drive

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 est une marque mondiale de restaurants de poulet avec une riche histoire de succès et d'innovation qui dure depuis des décennies. Tout a commencé avec un cuisinier, le colonel Harland Sanders, qui a créé une bonne recette de lècher les doigts il y a plus de 75 ans — une liste de 11 herbes et d'épices secrètes rayées à l'arrière de la porte de sa cuisine. Aujourd'hui, ils suivent toujours sa formule de succès, avec de vrais cuisiniers panés et préparant fraîchement leur délicieux poulet à la main dans plus de 25 000 restaurants dans plus de 145 pays et territoires à travers le monde.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - Nov 2041

Nearby Major Retailers

Libby Hill
Atlantic Union Bank
First Citizens Bank
Golden Corral
CrossFit
Starbucks

Property Taxes

Property Taxes

Parcel Number
24515
Land Assessment
$68,163 CAD
Improvements Assessment
$583,353 CAD
Total Assessment
$651,515 CAD
  • Listing ID: 39792188

  • Date on Market: 2026-03-16

  • Last Updated:

  • Address: 604 Memorial Dr, Danville, VA 24541

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