Single-Tenant Drive-Through
For Sale
Contact for pricing
Pending
801 S Craig Ave, Covington, VA 24426
Single-tenant KFC drive-through with over 30 years of operating history and a lease featuring 18.5 years remaining.
Property SizeContact for details
Days on Market150
Property Features for 801 S Craig Ave
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Deltondo Advisory Group Irvine
Listed By:
Peter Deltondo · License #CA 01797033
(949) 419-3200
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 7 at 5:29AM
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
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 31%
Groceries 17%
Apparel 4%
Food Lion Grocery Store
Groceries
15,277 visits/mo
0.2 miles
Hardee's
Dining
12,047 visits/mo
0.4 miles
Wendy's
Dining
7,298 visits/mo
0.3 miles
KFC
Dining
6,854 visits/mo
0.1 miles
Exxon
Shops & Services
6,263 visits/mo
0.5 miles
Demographics for 24426, VA
13,695
Population
7,249
Households
1.9
Avg Household Size
47
Median Age
13%
College-Educated
91%
High-School Grad
363.7 sq mi
ZIP Area
38
Density / Sq Mi
$51,841
Median Household Income
$34,937
Median Earnings
$808
Median Rent
$113,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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
