KFC | 301D Hurricane Creek Rd
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KFC 301D Hurricane Creek Rd
2,971 SF Retail Building Hurricane, WV 25526 £1,249,974 (£421/SF) 6.25% Net Initial Yield
Investment Highlights
- Brand New 20-Year Absolute Triple Net (NNN) Lease to be Signed at Closing
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
- 10% Rental Increases Every 5 Years
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Pizza Hut located at 301d Hurricane Creek Rd in Hurricane, WV. The site consists of roughly 2,971 rentable square feet of building space on estimated 0.89-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease. The current annual rent is $98,889 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,971 SF
Building Class
B
Year Built
2015
Price
£1,249,974
Price Per SF
£421
Net Initial Yield
6.25%
NOI
£78,123
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.89 AC
PROPERTY TAXES
Parcel Number | 06-18-00150006 | Improvements Assessment | £120,291 |
Land Assessment | £70,205 | Total Assessment | £190,496 |
PROPERTY TAXES
Parcel Number
06-18-00150006
Land Assessment
£70,205
Improvements Assessment
£120,291
Total Assessment
£190,496
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KFC | 301D Hurricane Creek Rd
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