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1716 Monticello Ave
Norfolk, VA 23517 Hunter's Square

Price Upon Request

Fast Food For Sale  •  2,828 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,828 SF
  • Lot Size 0.72 AC
  • Building Class B
  • Year Built 1984
  • Tenancy Single
  • Zoning C
50 Transit Score
70 Walk Score

Highlights

9 years remaining on initial 20-year Absolute NNN lease with attractive 10% rental escalations every 5 years with four 5-year options to renew.
KBP Foods (the largest KFC franchisee in the U.S.) operates ±840 locations in 28 states (+20% of KFC locations in the U.S. system)
Will generate sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
Successfully open & operating for decades and remodeled to the latest American Showman prototype - showing tenant’s commitment to this location!
Excellent drive-by visibility/access on Monticello Ave (main North/South thoroughfare) where traffic counts exceed 23,520 CPD!

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
5 min - 2.1 mi
Transit/SubwayDriveWalkDistance
Monticello (Tide Light Rail - Hampton Roads Transit (HRT)) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Norfolk International 13 min - 5.9 mi
Newport News/Williamsburg International 41 min - 27.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 29
Type: Surface
Included in Rent: Yes