Freestanding Restaurant with Drive-Thru

6975 George Washington Memorial Hwy, Gloucester, VA

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For Sale

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Freestanding restaurant with a new 15-year lease.

Type:RETAIL

Property size:

2,200 SF

Lot size:

1.09 Acres

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.
Four (5‑year) options to extend the lease, offering potential for extended income stream.
Located at a high‑traffic location (COE).
KFC is a globally recognized brand with over 30,000 restaurants worldwide.

We can help!

Listing Contact

Michael Berk

Learn more

For Sale

Contact for pricing

Freestanding restaurant with a new 15-year lease.

Type:RETAIL

Property size:

2,200 SF

Lot size:

1.09 Acres

Added:: Apr 10, 2025
Days on Market:: 431
Last Refresh:: May 19 at 10:06 pm

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

We can help!

Listing Contact

Michael Berk

Listing agent Philip Wellde

Listing office SRS Real Estate Partners - Atlanta

Listing date Apr 10, 2025

Source Moodyscre

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

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.
Four (5‑year) options to extend the lease, offering potential for extended income stream.
Located at a high‑traffic location (COE).
KFC is a globally recognized brand with over 30,000 restaurants worldwide.

Overview

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.

Location Intelligence

Current Use by Public Records

Drive through restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Gloucester
County: Gloucester
State: Virginia
Longitude: -76.5295
Latitude: 37.3909

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For sale
Drive through restaurants
VA
Gloucester
6975 George Washington Memorial Hwy

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.

6975 George Washington Memorial Hwy, Gloucester, VA

Freestanding restaurant with a new 15-year lease.

Property Features for 6975 George Washington Memorial Hwy

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Industrial Warehouse with Yard

Gloucester Commercial Building For Sale

Brick B-1 Commercial Building

Historic Restaurant Property For Sale

Established Restaurant in Gloucester Courthouse

Gloucester Restaurant Building For Sale

Main Street Retail and Office Building

Gloucester Office Building For Sale

Industrial Property For Sale

Retail Property in Gloucester, VA

Retail Property on Main Street

Retail Property with Development Potential

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