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    OFF-MARKET
    Drive through restaurants

    709 Main W St, Ripley, WV 25271-1109

    1.31 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US94-1171059
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple ownership of a thriving KFC restaurant located at 709 W Main St, Ripley, WV 25271. The property boasts 2,441 square feet on a 1.31-acre lot, built in 1990. This single-tenant property operates under a 20-year absolute triple-net (NNN) lease with a highly creditworthy KFC franchisee. The current annual net operating income (NOI) is $80,846, representing a 6.25% capitalization rate based on the asking price of $1,293,535. The lease includes a significant advantage for investors: rent increases of 10% every five years throughout the initial 20-year term and each of the four, five-year renewal options, extending the potential lease term to a total of 40 years. This provides substantial long-term income growth and security. The property's location in Ripley, West Virginia, offers excellent visibility and accessibility. This is a rare opportunity to acquire a stable, high-performing, quick-service restaurant investment with significant upside potential. The property is offered as a fee-simple ownership, providing complete control and ownership benefits. This is a turnkey investment ready for immediate income generation.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Lot 1.31 ac (57,064 SF)
    APN 18-05- 7-0002.0004
    UPID US94-1171059
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    AMPEX HOLDINGS WEST VIRGINIA LLC
    AMPEX HOLDINGS WEST VIRGINIA LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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