891 Martin Luther King Junior Way Harrisonburg, VA 22801

This commercial property in Harrisonburg, Virginia, presents an investment opportunity with a long-term absolute NNN lease. The property is leased to FQSR, LLC, the largest KFC franchisee in the U.S., operating as KBP Foods with over 1,100 locations across 4 brands in 32 states. The KFC location has been operating since 1981. The lease has over 8 years remaining on a 20-year term, featuring 5% escalations every five years and four 5-year options to renew. The property is located in a corridor of growth between James Madison University and Downtown Harrisonburg, just off of I-81 at Exit #247, with major interchange improvements underway to enhance market access. James Madison University, with its 23,000 students, faculty, and staff, is just over one mile away. The 5-mile trade area is supported by over 73,000 residents and 51,000 daytime employees, with an average household income of $87,556. The current lease rate is $8,506 per month, resulting in a $102,072 NOI, with a 6% Cap Rate at a price of $1,700,000. The property size is 3,227 square feet.