Freestanding Restaurant with
For Sale
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6975 George Washington Memorial Hwy, Gloucester, VA
Freestanding restaurant with a new 15-year lease.
Property Size2,200 SF
Lot Size1.09 Acres
Days on Market521
Property Features for 6975 George Washington Memorial Hwy
General Information
Standard status
Active
Size
2,200 SF
Lot size
1.09 Acres
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners - Atlanta
(404) 231-2232
Listed By:
Michael Berk · License #385824
(770) 402-3432
Source:
Moodyscre
Added: Apr 10, 2025
Changed: Sep 11
Last Checked: Sep 12 at 11:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Atlanta
Investment Insights
Based on property information with market context.
The property is a restaurant intended for use as a KFC location. The tenant, KFC, will enter into a new 15-year lease at the close of escrow, with 4 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. There are over 30,000 KFC restaurants in 150 countries and territories around the world. The property size is 2,200 square feet and is located at 6975 George Washington Memorial Hwy, Gloucester, VA.
Key Highlights
- Brand new 15‑year lease with KFC, a major international brand, demonstrating long‑term tenant commitment.
- Lease includes 10% rental increases every 5 years, providing steadily growing Net Operating Income (NOI).
- Rental increases hedge against inflation, protecting investment value.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
326k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 27%
Apparel 13%
Groceries 6%
T.J. Maxx
Apparel
32,852 visits/mo
0.4 miles
McDonald's
Dining
23,031 visits/mo
0.2 miles
Aldi
Groceries
18,847 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
17,682 visits/mo
0.1 miles
Wendy's
Dining
16,462 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant with a new 15-year lease.
Where is this drive through restaurant located?
The property is located at 6975 George Washington Memorial Hwy Gloucester, VA.
What are key features of this property?
This property features: Brand new 15‑year lease with KFC, a major international brand, demonstrating long‑term tenant commitment.; Lease includes 10% rental increases every 5 years, providing steadily growing Net Operating Income (NOI).; Rental increases hedge against inflation, protecting investment value.
