Single-Tenant Drive-Through
801 S Craig Ave Covington, VA 24426
801 S Craig Ave, Covington, VA, 24426
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For Sale
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Pending
Single-tenant KFC drive-through with over 30 years of operating history and a lease featuring 18.5 years remaining.
Days on Market104
Property Features for 801 S Craig Ave
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Deltondo Advisory Group Irvine
(949) 419-3200
Listed by
Peter Deltondo · License #CA 01797033
Source
Crexi
Added: Apr 11 Updated: Jul 23 at 12:41AM Checked: Jul 23 at 12:41AM
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 Deltondo Advisory Group Irvine
Investment Insights
Based on property information with market context.
This single-tenant drive-through restaurant is currently operated as a KFC at 801 S Craig Ave in Covington, VA. The property has a documented operating history at this location for more than 30 years.
The current lease provides 18.5 years remaining, with 7% increases every five years. The lease also includes two separate 5-year options to extend.
The operator, KBP Foods LLC, is described in the offering remarks as one of the Top 100 private companies and a Corporate Report 100 fastest-growing company. The remarks further state KBP Foods was created in 1999 after purchasing five KFC restaurants in Colorado, and that it has grown to own over 800 restaurants across 28 states, including KFC, Taco Bell, and Long John Silver’s locations. In 2023, KBP Foods is noted as a top 20 Yum! Brands franchisee, operating over 600 KFC locations.
The current lease provides 18.5 years remaining, with 7% increases every five years. The lease also includes two separate 5-year options to extend.
The operator, KBP Foods LLC, is described in the offering remarks as one of the Top 100 private companies and a Corporate Report 100 fastest-growing company. The remarks further state KBP Foods was created in 1999 after purchasing five KFC restaurants in Colorado, and that it has grown to own over 800 restaurants across 28 states, including KFC, Taco Bell, and Long John Silver’s locations. In 2023, KBP Foods is noted as a top 20 Yum! Brands franchisee, operating over 600 KFC locations.
Key Highlights
- Single‑tenant KFC with a drive‑through at 801 South Craig Avenue, Covington, VA 24426
- Over 30 years of operating history at this location
- Current lease has 18.5 years remaining
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Single-tenant KFC drive-through with over 30 years of operating history and a lease featuring 18.5 years remaining.
Where is this conventional restaurant located?
The property is located at 801 S Craig Ave Covington, VA.
What are key features of this property?
This property features: Single‑tenant KFC with a drive‑through at 801 South Craig Avenue, Covington, VA 24426; Over 30 years of operating history at this location; Current lease has 18.5 years remaining
