604 Memorial Dr - Fast Food FOR SALE


Danville, VA 24541
$2,195,000 USD
480-718-5555
604 Memorial Dr, Danville, VA for Sale
$2,195,000 USD
Fast Food - FOR SALE
1/8
null | 5.85% Cap Rate

604 Memorial Dr
Danville, VA 24541


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!
  • OPERATOR | TENANT: 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
  • SEASONED SALES LOCATION: Successfully open & operating for decades with an attractive 8.68% Rent-to- Sales Ratio!
  • TRAFFIC COUNTS: Well-positioned on a ±0.704 acre parcel with exceptional visibility/access on VA- 413/Memorial Dr
  • 2025 DEMOGRAPHICS: Total Population (5MI): 80,449 | Average Household Income (1MI): $71,048

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$968 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC - DANVILLE, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C

APN/PARCEL ID

24515

ASK ABOUT THIS PROPERTY

Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

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Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.