6975 George Washington Memoria Hwy - Fast Food FOR SALE


Gloucester, VA 23061
$1,470,000 USD
470-344-2586
6975 George Washington Memoria Hwy, Gloucester, VA for Sale
$1,470,000 USD
Fast Food - FOR SALE
1/12
null | 5.65% Cap Rate

6975 George Washington Memoria Hwy
Gloucester, VA 23061


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Directly Next to Shoppes at Gloucester (74,000+ SF) | Dense Retail Corridor | Gloucester High School
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics in 5-mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant, KFC, will enter into a brand new 15 year lease at COE with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation • There are over 30,000 KFC restaurants in 150 countries and territories around the world

FOR SALE DETAILS

PRICE

$1,470,000 USD

PRICE/SF

$668 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC - Gloucester VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

B-1

APN/PARCEL ID

0657-51-3719

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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