301d Hurricane Creek RdHurricane, WV 25526

Property Details for 301d Hurricane Creek Rd

Year built

2015

Lot size

0.89 AC

Property size (Sq ft)

2,971 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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

Location Insight

City

Hurricane

County

Putnam

State

West Virginia

Latitude

38.4427

Longitude

-82.0208

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