703 Atlantic StSouth Hill, VA 23970

This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN lease for a combined KFC and Taco Bell restaurant located at 703 E Atlantic St, South Hill, VA 23970. The property, built in 1989, boasts 3,893 square feet on a 1.04-acre lot and enjoys a prime location on a major arterial roadway providing easy access to Interstate 85 and State Road 58. The current lease, commenced March 19, 2019, and expiring March 31, 2039, has a remaining term of approximately 14.4 years, offering significant long-term stability. The lease includes two, five-year renewal options and features a 10% rent increase every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its current occupancy of 100%, a pro-forma NOI of $132,312, and a cap rate of 4.25%. The asking price is $3,113,223, translating to a price per square foot of $799.70. This is a rare opportunity to acquire a well-established, high-performing QSR property with minimal landlord responsibilities and substantial future growth potential. The property's strategic location within an hour's drive of both Richmond, VA and Raleigh-Durham, NC, further enhances its investment appeal. This is a truly passive investment opportunity with a strong tenant and a long-term lease.