Danville Retail for Sale
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.
