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- LoopNet Team
1395 Virginia Ave
East Point, GA 30344
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Drive Thru
ABOUT 1395 VIRGINIA AVE , EAST POINT, GA 30344
KFC has a brand new 20-year absolute NNN lease with attractive 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US operating 760 locations in 25 states and will generate sales in excess of $825 million in 2020. This assets 12 month sales generated an EBITDA in excess of $167,920 – slated for remodel (at tenant’s cost) by 2026 showing tenant’s commitment to the location. KFC is located in East Point, Georgia (Atlanta MSA) with excellent drive-by visibility on Virginia Avenue. Nearby retailers include: Walmart Supercenter, Target, Burlington, Publix, Lowe’s Home Improvement, BJ’s Wholesale Club, TJ Maxx, Ross Dress for Less, Old Navy, Hibbett Sports, Five Below, PetSmart, Staples, Party City, Kroger, Piggly Wiggly, Dollar Tree, Family Dollar, Dollar General, Ace Hardware, AutoZone, O’Reilly Auto Parts, etc. The subject location is 6 miles from Atlanta Metropolitan State College (enrollment of 2,172), 8 miles from Georgia State University (enrollment of 52,726), and 2 miles from WellStar Atlanta Medical Center South (198 beds). *In Association with Georgia Local Broker: Rebecca E. Davis, Summit Real Estate #234538
PROPERTY TAXES
| Parcel Number | 14-0130-LL-018-7 | Improvements Assessment | $274,400 |
| Land Assessment | $141,600 | Total Assessment | $416,000 |
PROPERTY TAXES
