709 Main St - Fast Food FOR SALE


Ripley, WV 25271
$1,293,535 USD
513-300-0763
709 Main St, Ripley, WV for Sale
$1,293,535 USD
Fast Food - FOR SALE
1/2
null | 6.25% Cap Rate

709 Main St
Ripley, WV 25271


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple Net (NNN) Lease to be Signed at Closing
  • 10% Rental Increases Every 5 Years
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Pizza Hut located at 709 W Main St in Ripley, WV. The site consists of roughly 2,441 rentable square feet of building space on estimated 1.31-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease. The current annual rent is $80,846 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,293,535 USD

PRICE/SF

$530 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

-

APN/PARCEL ID

05-7-00020004

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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