104 Pike St Grafton, WV 26354
Property profile & analytics
104 Pike St Grafton, WV 26354
- Drive through restaurants
- 1,440 SF
- 0.12 lot acres
Property ID
US94-0312019
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 104 Pike St
- Year built
- 1935
- Lot size
- 0.12 lot acres
- Property size
- 1,440 SF
- Property type
- Drive through restaurants
- APN
- 46-01- 7-0120.0000
- APU
- 4601701200000
Description
This exceptional investment opportunity presents a 2,862 square foot KFC quick-service restaurant situated on a 0.32-acre lot in Grafton, West Virginia. The property boasts a highly favorable absolute NNN lease with 14.4 years remaining, plus two five-year options, ensuring consistent cash flow with no landlord responsibilities. Rent increases of 5% every five years are built into the lease, providing built-in growth potential. The tenant, KBP Foods (FQSR, LLC), is a major KFC franchisee operating over 800 locations nationwide (representing approximately 20% of all US KFC locations), demonstrating financial strength and operational expertise. This specific location has a proven track record of strong sales, exhibiting a 7.65% rent-to-sales ratio. The property enjoys exceptional visibility on North Pike Street, a major thoroughfare with over 11,820 vehicles per day, and is strategically positioned near numerous national retailers and banks, ensuring high traffic and customer accessibility. Built in 2008 and renovated in 2017, this single-story building is the only quick-serve chicken restaurant in the immediate area. The lease commenced April 23, 2018, and expires April 30, 2038. The property generates a Net Operating Income (NOI) of $98,286, resulting in a 5.80% cap rate. The asking price is $1,695,000, translating to a price per square foot of $592.24. This is an ideal, management-free investment for a passive investor, featuring a recession-resistant tenant in a prime location. The tenant is responsible for all property taxes, insurance, and maintenance, eliminating landlord expenses and risk. There is no rent abatement provision in the lease.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Grafton
- County
- Taylor
- State
- West Virginia
- Longitude
- -80.0047
- Latitude
- 39.347
- CBSA code
- 17220
- CBSA name
- CLARKSBURG, WV MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,665
$9,240
$123,360
$132,600
-
$15,400
$205,600
$221,000
