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KFC - DANVILLE, VA 604 Memorial Dr 2,267 SF Retail Building Danville, VA 24541 $3,034,258 CAD ($1,338.45 CAD/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
(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
$3,034,258 CAD
Price Per SF
$1,338.45 CAD
Cap Rate
5.85%
NOI
$177,494 CAD
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 |
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 | $585,211 CAD |
| Land Assessment | $68,380 CAD | Total Assessment | $653,591 CAD |
Property Taxes
Parcel Number
24515
Land Assessment
$68,380 CAD
Improvements Assessment
$585,211 CAD
Total Assessment
$653,591 CAD
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KFC - DANVILLE, VA | 604 Memorial Dr
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