709 Main St - Fast Food FOR SALE


Ripley, WV 25271
$1,153,093 USD
513-300-0763
709 Main St, Ripley, WV for Sale
$1,153,093 USD
Fast Food - FOR SALE
1/2
null | 6.5% Cap Rate

709 Main St
Ripley, WV 25271


HIGHLIGHTS

  • Brand New 20-Year NNN Lease Upon the close of escrow, the tenant will sign a brand new 20-year absolute triple net lease
  • Rental Increases The lease features seven-and-a-half percent (7.5%) increases every five (5) years
  • Experienced Franchisee Ampex Brands operates around 400 units of KFC, Taco Bel, Tim Horton's, Long John Silver's, and 7-Eleven

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a KFC located at 709 W Main Street, Ripley, WV 25271. The site consists of roughly 2,441 rentable square feet of building space on an estimated 1.31-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $74,951 and has scheduled increases of 7.50% every 5 years.

FOR SALE DETAILS

PRICE

$1,153,093 USD

PRICE/SF

$472 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

-

APN/PARCEL ID

05-7-00020004

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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