For Sale
$1,582,226

301d Hurricane Creek Rd Hurricane, WV 25526

West Virginia KFC, 20-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple ownership of a 2,971 square foot KFC restaurant located at 301d Hurricane Creek Rd, Hurricane, WV 25526. Built in 2015, this property sits on a 0.89-acre lot and is currently operating under a 20-year absolute triple-net (NNN) lease with a prominent franchisee. The lease boasts a current annual net operating income (NOI) of $98,889, translating to a compelling 6.25% capitalization rate and a price per square foot of $532.56. The lease includes four, five-year renewal options, extending the potential lease term to 40 years. A significant advantage is the built-in rent escalations

Highlights

  • Fee simple ownership of a 2,971 SF KFC restaurant.
  • Brand new 20-year absolute NNN lease with 10% rent increases every 5 years.
  • Four, five-year tenant renewal options, extending the lease to 40 years.
  • Current NOI of $98,889, 6.25% cap rate, and $532.56 price per square foot.

Property Details for 301d Hurricane Creek Rd

Property type
Retail properties
Square Feet
2,971 SF
Year Built
2015
Lot Size (sq. ft)
38,768 SF

Location Insight

City
Hurricane
County
Putnam
State
West Virginia
Latitude
38.4426705
Longitude
-82.0207692

FAQs

What type of property is this?
Retail property - West Virginia KFC, 20-Year Lease
Where is the retail property located?
The property is located at 301d Hurricane Creek Rd Hurricane, WV.
What is the asking price?
The asking price for this property is $1,582,226.
What are key features of this property?
This property features: Fee simple ownership of a 2,971 SF KFC restaurant.; Brand new 20-year absolute NNN lease with 10% rent increases every 5 years.; Four, five-year tenant renewal options, extending the lease to 40 years.
How can I contact the broker?
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301d Hurricane Creek Rd
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