KFC - Vinton, VA | 713 Hardy Rd
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KFC - Vinton, VA 713 Hardy Rd
4,188 SF Retail Building Vinton, VA 24179 £1,507,786 (£360/SF) 5.75% Net Initial Yield
Investment Highlights
- A Subsidiary of Tasty Restaurant Group (TRG), a Premier Franchise Operator Managing Over 400 Restaurants Across Top-Tier Brands
- The Lease Features 1.5% Annual Rental Increases Starting in Year 6, Throughout the Initial Term, and in the Option Periods
- The Property is Strategically Located Near Carilion Roanoke Memorial Hospital, One of the Region's Largest Employers
- Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG's Extensive Experience and Market Presence
- Situated on Hardy Rd., This KFC Benefits From High Visibility and Consistent Traffic, With Over 15,000 Vehicles Passing Daily
- The Location is Part of a Well-Established Commercial Corridor, Surrounded By Popular National Retailers like Food Lion, CVS & Dollar Tree
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,188 SF KFC Located at 713 Hardy Road in Vinton, VA. This Deal Includes a 20-Year Absolute NNN With Scheduled Rent Increases & Options and Zero Landlord Responsibilities, Providing For a Secure Investment.
In Cooperation With Sands Investment Group, Inc - Lic. #BoR: Tom Gorman - Lic. VA #0225269275
In Cooperation With Sands Investment Group, Inc - Lic. #BoR: Tom Gorman - Lic. VA #0225269275
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,188 SF
Building Class
C
Year Built
1978
Price
£1,507,786
Price Per SF
£360
Net Initial Yield
5.75%
NOI
£86,698
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
0.91 AC
Zoning
GB
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Tasty Chick’n, LLC
- Accommodation and Food Services
- 4,188 SF
- £20.70
- Sep 2044
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Tasty Chick’n, LLC | Accommodation and Food Services | 4,188 SF | £20.70 | Sep 2044 |
PROPERTY TAXES
| Parcel Number | 060-20-03-78 | Improvements Assessment | £626,952 |
| Land Assessment | £169,141 | Total Assessment | £796,093 |
PROPERTY TAXES
Parcel Number
060-20-03-78
Land Assessment
£169,141
Improvements Assessment
£626,952
Total Assessment
£796,093
-
Tyler McGarry -
Adam Scherr -
Thomas Gorman -
Jonathan Silver -
Sands Investment Group Santa Monica, LLC
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KFC - Vinton, VA | 713 Hardy Rd
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