104 N Pike St - Fast Food FOR SALE


Grafton, WV 26354
$1,695,000 USD
760-473-0520
104 N Pike St, Grafton, WV for Sale
$1,695,000 USD
Fast Food - FOR SALE
1/6
null | 5.8% Cap Rate

104 N Pike St
Grafton, WV 26354


HIGHLIGHTS

  • 14.4+/- years remaining on primary term, plus 2 five year options.
  • Absolute NNN lease with no Landlord expenses.
  • Rent increases every 5 years in primary term and option periods.
  • Strong Tenant with 20% of all US KFC locations; continues to grow year after year.
  • Tenant pays rent like clockwork. Direct wire transfer.
  • One parcel from primary intersection of city.

OVERVIEW

This KFC is a 2,862 square foot QSR restaurant on 0.32 acre parcel of land with a long history of consistent and strong sales. The original 20 year absolute NNN lease commenced in 2018 after the tenant remodeled their the restaurant to the latest "American Showman Prototype". KBP Foods (the largest KFC franchisee in the U.S.) operates 840 locations in 28 states (20% of locations in KFC's U.S. system) and will generate sales in excess of $1 Billion Dollars in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations). This KFC has successfully operated since 2008 with an attractive 7.65% Rent-to-Sales Ratio. Situated just off the hard corner with high drive-by visibility on the Main East/West thoroughfare (North Pike Street) where traffic counts exceed 11,820 CPD. This KFC is the only quick serve chicken restaurant in the area. The location is just off the primary intersection for North Pike Street becoming the Northwestern Turnpike at Victory Avenue. Nearby is Autozone, McDonald's, Goodwill, Walgreens, NAPA Auto Parts, Pizza Hut, Dollar General, Cricket, Gomart, Dollar Tree, Subway, Truist Bank and First Community Bank. Tenant pays for the property taxes, insurance and maintains all aspects of the premises. There are no Landlord expenses for the property. KFC is responsible for all damages and casualty repairs, if any. There is no rent abatement for any reason. Tenant pays rent via wire transfer Ideal, management free investment for a passive investor. KFC, an essential business and a recession proof Tenant. The operating entity for KBP Foods is FQSR, LLC; the operations running over 800 locations in 28 states. KPB Foods is the largest KFC franchisee with at least 20% of KFC locations for YUM BRANDS. Yum! Brands, Inc. is an American multinational fast food corporation listed on the Fortune 1000. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$592 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

-

APN/PARCEL ID

01-7-01200000

ASK ABOUT THIS PROPERTY

Brent HensleyNet Leased Real PropertiesMore Info
760-473-0520

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Brent HensleyNet Leased Real PropertiesMore Info
760-473-0520

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