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DOM: 211 Updated: 11.11.24 Posted: 10.16.24 Status: Active

Summary

Price $1,911,009
Built/Renov 1978
Tenant KFC
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 4,188
Lease Start 10-01-2024
#Units 162
Price/SF $456.31
Expiration 09-30-2044
Tenant Type Fast Food/QSR
NOI $109,883
R. Term 19.4
Ownership Fee Simple
Rent/SF $26.24
Increases 1.5%/1/yrs
Pop 5Mi 94,931
Lot/AC 0.91
Options 4/5yrs/1.5%
AHHI 5Mi $70,159

Lease Highlights

  • Brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 1.5% annual rental increases starting year 6 and at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Tasty Chick'n, LLC (162 units backed)

Location Description

KFC is strategically located on a signalized, hard corner intersection Hardy Road and Niagara Road, with access to 25,823 vehicles passing by daily. The property is conveniently situated near Carilion Roanoke Hospital, one of the region's largest employers, with over 13,000 employees, and Roanoke College, which has an enrollment of 2,000 students. Nearby national tenants include Food Lion,...

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  • 5 Miles

Tenant

About Tenant

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned...


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Listing Broker

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Tyler McGarry

Sands Investment Group

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  • 12 Listings
  • 1722 Views
  • 2 Sold
Adam Scherr

Sands Investment Group

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  • 27 Listings
  • 3641 Views
  • 2 Sold

I love to build and create new things, flesh out ideas, and strategize for the future. My goal is to affect meaningful change in the world on the largest scale possible. My experience working for Greenpeace taught me a great deal about big business' role the proliferation of climate change. I'm welcoming the challenge of joining the hundreds of companies and organizations that are willing to commit fully to making the planet a key stakeholder in all of their business operations.

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Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Tom Gorman

Sands Investment Group

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  • 16 Listings
  • 2717 Views
  • 4 Sold

I am a Managing Director with over 15 years of experience in real estate investing and advising. Excellent in leading high-performing brokerage teams, executing complex real estate transactions, and driving significant portfolio growth for clients. Skilled in strategic planning, market analysis, mentoring and coaching, and business development strategy. Knowledgeable in tax efficient commercial real estate investment strategies as well as effective acquisition and disposition of properties. Suc

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