KFC | $1,999,999 | 5.50% CAP
The Deltondo Group of Marcus & Millichap is pleased to present for sale KFC a single-tenant property located at 801 South Craig Avenue, Covington, VA 24426. KFC has fantastic operating history at this location for over 30 years. The current lease has 18.5 years remaining with 7% increases every five years including the two, 5 year options to extend.
KBP Foods LLC, named one of the Top 100 private companies and Corporate Report 100 fastest growing companies. Created with the 1999 with the purchase of five KFC restaurants in Colorado, the quick-service franchisee has grown to own over 800 restaurants, KFC, Taco Bell and Long John Silver’s locations in 28 states. In 2023, KBP Foods is a top 20 Yum! Brands franchisee, running over 600 KFC locations.