891 Martin Luther King Jr Way Harrisonburg, VA 22801
Long-term NNN lease KFC restaurant near James Madison University.
Property size:
3,227 SFLot size:
0.62 AcresProperty Features for 891 Martin Luther King Jr Way
General Information
- Size
- 3,227 SF
- Lot size
- 0.62 Acres
Source:
Moodyscre
Listing 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.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Harrisonburg
- County
- Harrisonburg
- State
- Virginia
- Longitude
- -78.8551475
- Latitude
- 38.4414341
Nearby Similar for Sale
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.