KFC Absolute NNN
604 Memorial Dr, Danville, VA 24541
KFC with 15 years remaining on Absolute NNN lease.
Type:Retail
Property size:
2,267 SFLot size:
0.70 AcresPrice / SF:
$1,029/SF- Added:
- Mar 16, 2026
- Days on Market:
- 58
- Last Refresh:
- Mar 19 at 11:43 pm
Property Features for 604 Memorial Dr
General Information
- Standard status
- Active
- Size
- 2,267 SF
- Lot size
- 0.70 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1983
Listing agent Justin Zahn License #SA545840000
Listing office Commercial Investment Advisors (CIA) Scottsdale
Listing date Mar 16, 2026
Source Crexi
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 Commercial Investment Advisors (CIA) Scottsdale
HighLights
- Absolute NNN lease with over 15 years remaining and attractive 7% rental escalations every 5 years.
- Tenant is FQSR, LLC, the largest KFC franchisee in the U.S., encompassing ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1 billion in 2026.
- Successfully open & operating for decades with an attractive 8.68% Rent‑to‑Sales Ratio.
- Well‑positioned on a ±0.704 acre parcel with exceptional visibility/access on VA‑413/Memorial Dr (main east/west thoroughfare) with traffic counts of 13,800 CPD.
- Located in a retail hub with major retailers including Walmart, Target, Sam’s Club, Home Depot, and Lowe’s.
- Proximity to Danville Community College, Averett University, and Sovah Health Danville.
Overview
The property is a KFC restaurant operating successfully for decades. The tenant, FQSR, LLC, is the largest KFC franchisee in the U.S., encompassing approximately 800 locations, which is 20% of KFC locations in the U.S. system, with anticipated sales exceeding $1 billion in 2026. The property has over 15 years remaining on an initial 20-year Absolute NNN lease, featuring attractive 7% rental escalations every 5 years. It is well-positioned on a 0.704 acre parcel with exceptional visibility and access on VA-413/Memorial Dr, a main east-west thoroughfare with traffic counts of 13,800 CPD. The property is located 2 miles from Danville Community College, which serves 3,141 students, and 2 miles from Averett University, with nearly 1,500 students. It is also less than 2 miles from Sovah Health Danville, a 250-bed academic community hospital. Major retailers in the Danville area include Walmart, Target, Sam’s Club, Home Depot, and Lowe’s.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
KFC
Restaurant
Location Insight
- Map
- Local Demand
- City
- Danville
- County
- Danville
- State
- Virginia
- Longitude
- -79.4000772
- Latitude
- 36.5929248
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - KFC with 15 years remaining on Absolute NNN lease.
Where is this drive through restaurant located?
The property is located at 604 Memorial Dr Danville, VA.
What is the asking price?
The asking price for this property is $2,335,000.
What are key features of this property?
This property features: Absolute NNN lease with over 15 years remaining and attractive 7% rental escalations every 5 years.; Tenant is FQSR, LLC, the largest KFC franchisee in the U.S., encompassing ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1 billion in 2026.; Successfully open & operating for decades with an attractive 8.68% Rent‑to‑Sales Ratio.
