301d Hurricane Creek Rd Hurricane, WV 25526
- Retail properties
- 2,971 SF
- 0.89 lot acres
Current Use by Public Records
- KFC / Chicken Restaurant / Fast Food Restaurant
Property Details for 301d Hurricane Creek Rd
- Year built
- 2015
- Lot size
- 0.89 lot acres
- Property size
- 2,971 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,971 square foot KFC restaurant located at 301d Hurricane Creek Rd, Hurricane, WV 25526. Built in 2015, this property sits on a 0.89-acre lot and is currently operating under a 20-year absolute triple-net (NNN) lease with a prominent franchisee. The lease boasts a current annual net operating income (NOI) of $98,889, translating to a compelling 6.25% capitalization rate and a price per square foot of $532.56. The lease includes four, five-year renewal options, extending the potential lease term to 40 years. A significant advantage is the built-in rent escalations
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hurricane
- County
- Putnam
- State
- West Virginia
- Longitude
- -82.0208
- Latitude
- 38.4427