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    6975 George Washington Memorial Hwy Gloucester, VA 23061

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    For Sale
    Contact for pricing

    Freestanding restaurant with a new 15-year lease.

    Property size:
    2,200 SF
    Lot size:
    1.09 Acres

    Property Features for 6975 George Washington Memorial Hwy

    General Information

    Size
    2,200 SF
    Lot size
    1.09 Acres

    Source: SRS Real Estate Partners - Atlanta Agent Michael Berk

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

    Overview

    Freestanding Restaurant with Drive-Thru

    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

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.5294579
    Latitude
    37.3909374

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    FAQs

    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.
    (404) 231-2232
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    6975 George Washington Memorial Hwy Gloucester, VA 23061
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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
    6975 George Washington Memorial Hwy Gloucester, VA 23061
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