KFC | Taco Bell

703 East Atlantic Street, South Hill, VA 23970

$3,113,223

Cap Rate 4.25%

Views: 79 DOM: 290 Updated: 08.28.24 Posted: 11.22.23 Status: Active

Summary

Price $3,113,223	Built/Renov 1989	Tenant KFC \| Taco Bell
Cap Rate 4.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,893	Lease Start 03-20-2019	#Units 186
Price/SF $799.70	Expiration 03-31-2039	Tenant Type Fast Food/QSR
NOI $132,312	R. Term 14.6	Ownership Fee Simple
Rent/SF $33.99	Increases 10.0%/1/yrs	Pop 5Mi 9,106
Lot/AC 1.04	Options 2/5yrs/10%	AHHI 5Mi $69,005

Christopher Twist

Colliers NNN Investments

Contact

Lease Highlights

KFC | Taco Bell has 15+ years remaining on the primary lease term with 2 (5-year) options to extend
The lease features 10% rental increases every 5 years | Next increase April 2024
Absolute NNN | Zero landlord responsibilities
Low rent-to-sales ratio
Lease guaranteed by Luihn VantEdge Partners (185 units)

Location Description

The KFC | Taco Bell is strategically located on East Atlantic Street, with access to 12,400 vehicles passing by daily. E Atlantic Street serves as a primary arterial roadway, offering direct connections to Interstate 85 (22,800 VPD) and State Road 58 (25,800 VPD). This prime location enhances the visibility and accessibility of the property. The immediate vicinity is surrounded by commercial...

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Key Features

Dense retail corridor
Shopping Ctr out-parcel
Strategically located
Freeway close
Highway location
Long 15+ yr lease
Absolute NNN
Traded and rated company
100+ unit franchisee backed
Personal guarantee

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Links

Article: Taco Bell & KFC fuel YUM Brands Wikipedia KFC Wikipedia South Hill, Virginia Zip Code 23970 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: KFC | Taco Bell
Guarantor:Franchisee
Company:Luihn VantEdge Partners
# Units:186
Tenant S&P: BB+
Moody’s: Ba2
Stock: NYSE: YUM

About Tenant

Luihn VantEdge Partners, LLC (LVE) is a leading American franchisee of Yum! Brands. They operate a quick-service restaurant network under the banners of Taco Bell, KFC, Lohn John Silver’s and...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,822	6,594	9,173
2023 Total Population :	1,805	6,528	9,110
2023 Employed Civilian Pop :	735	3,313	4,577
2023 Total Businesses :	270	504	559
2023 Average Household Income :	$ 59,273	$ 68,574	$ 69,004
2023 Total Consumer Spending :	$ 39 M	$ 174 M	$ 243 M
2023 Median Age :	41	44	45
2023 Total Households :	751	2,861	3,963
2023 Pop Age 25+: Bachelor's Degree :	180	719	901
2023 Average Home Value :	$ 217,204	$ 198,538	$ 202,624

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East Atlantic Street	E Atlantic St	2021	13,000	0.09 mi
Maple Lane	E Atlantic St	2020	3,200	0.19 mi
E Atlantic St	Hammer St	2016	12,000	0.22 mi
McCracken Street	Northington St	2021	8,500	0.25 mi
McCracken Street	Northington St	2020	7,400	0.25 mi
East Atlantic Street	Hammer St	2021	13,000	0.30 mi
East Atlantic Street	Hammer St	2018	13,000	0.30 mi
E Atlantic St	Hammer St	2016	12,000	0.30 mi
	E Atlantic St	2021	1,700	0.32 mi
		2015	2,300	0.33 mi

Listing Broker

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