KFC | 301D Hurricane Creek Rd
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KFC 301D Hurricane Creek Rd
2,971 SF Retail Building Hurricane, WV 25526 $2,225,243 CAD ($749 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Brand New 20-Year Absolute Triple Net (NNN) Lease to be Signed at Closing
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
- 10% Rental Increases Every 5 Years
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Pizza Hut located at 301d Hurricane Creek Rd in Hurricane, WV. The site consists of roughly 2,971 rentable square feet of building space on estimated 0.89-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease. The current annual rent is $98,889 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,971 SF
Building Class
B
Year Built
2015
Price
$2,225,243 CAD
Price Per SF
$749 CAD
Cap Rate
6.25%
NOI
$139,077 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
0.89 AC
PROPERTY TAXES
Parcel Number | 06-18-00150006 | Improvements Assessment | $200,518 CAD |
Land Assessment | $117,028 CAD | Total Assessment | $317,547 CAD |
PROPERTY TAXES
Parcel Number
06-18-00150006
Land Assessment
$117,028 CAD
Improvements Assessment
$200,518 CAD
Total Assessment
$317,547 CAD
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KFC | 301D Hurricane Creek Rd
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