List Search

604 Memorial Dr
Danville, VA 24541

$2,335,000 USD

Fast Food For Sale  •  2,267 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,267 SF
  • Lot Size 0.7 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning C
0 Transit Score
60 Walk Score

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

Property Flyers

Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
KFC 11/30/2041

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
3 min - 1.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC