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    891 Martin Luther King Jr Way Harrisonburg, VA 22801

    For Sale
    $1,700,000

    Long-term NNN lease KFC restaurant near James Madison University.

    Property size:
    3,227 SF
    Lot size:
    0.62 Acres

    Property Features for 891 Martin Luther King Jr Way

    General Information

    Size
    3,227 SF
    Lot size
    0.62 Acres

    Source: SVN Northco Agent Jim Guisewhite

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established KFC Restaurant For Sale

    This property features a long-term absolute NNN lease with over 8 years remaining on a 20-year term. The lease includes 5% escalations every five years, with four 5-year options to renew. The tenant, FQSR, LLC, is 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 in operation since 1981. Situated in a corridor of growth between James Madison University and Downtown Harrisonburg, the property is located 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 supports over 73,000 residents and 51,000 daytime employees, with an average household income of $87,556. The property is suitable for drive-through restaurants, restaurants, retail, and specialty purposes.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg
    State
    Virginia
    Longitude
    -78.8551475
    Latitude
    38.4414341

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    FAQs

    What type of property is this?
    Drive through restaurant - Long-term NNN lease KFC restaurant near James Madison University.
    Where is this drive through restaurant located?
    The property is located at 891 Martin Luther King Jr Way Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Long-term Absolute NNN Lease: Enjoy over 8 years remaining on a 20-year term.; - **Strong Tenant:** Operated by FQSR, LLC, the largest KFC franchisee in the U.S.; - Established Location: KFC has been successfully operating here since 1981.
    (540) 325-0573
    Request Owner's contact information
    891 Martin Luther King Jr Way Harrisonburg, VA 22801
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    Harrisonburg, VA 22801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    891 Martin Luther King Jr Way Harrisonburg, VA 22801
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