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604 Memorial Dr Danville, VA 24541

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KFC with 15 years remaining on Absolute NNN lease.

Property size:
2,267 SF
Lot size:
0.70 Acres

Property Features for 604 Memorial Dr

General Information

Standard status
Active
Zoning
C
Size
2,267 SF
Lot size
0.70 Acres

Building Details

Year built
1983

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Listing Contact
Justin Zahn
Source: Crexi

Listing Agency: Commercial Investment Advisors (CIA) Scottsdale Listing Agent: Justin Zahn

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

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Overview

KFC Absolute NNN Lease

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.
Location Intelligence

Current Use by Public Records

KFC Restaurant

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Danville
County
Danville
State
Virginia
Longitude
-79.4000772
Latitude
36.5929248

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 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.
More about this property
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