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Tasty Chick’n LLC
713 Hardy Road, Vinton, VA 24179, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,188 SF KFC Located at 713 Hardy Road in Vinton, VA. This Deal Includes a 20-Year Absolute NNN With Scheduled Rent Increases & Options and Zero Landlord Responsibilities, Providing For a Secure Investment.
20-Year Absolute NNN | Scheduled Rent Increases & Options | Experienced Operator:
- Strong 80-Unit Corporate Guarantee From Tasty Chick’n, LLC: A Subsidiary of Tasty Restaurant Group (TRG), a Premier Franchise Operator Managing Over 400 Restaurants Across Top-Tier Brands, Including KFC, Pizza Hut, Burger King, Dunkin’ and Taco Bell; TRG is an Affiliate of Triton Pacific Capital Partners
- Brand Strength: Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG’s Extensive Experience and Market Presence; With 80 KFC Locations Under Their Management, the Combined Strength of Tasty Restaurant Group and KFC Provides Unparalleled Stability, Making This an Attractive and Secure Investment
- Rent Increases & Options: The Lease Features 1.5% Annual Rental Increases Starting in Year 7, Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation
Prime Vinton, VA Location | Surrounded By Major Economic Drivers:
- Strategic Vinton, VA Location: Situated on Hardy Rd., This KFC Benefits From High Visibility and Consistent Traffic, With Over 15,000 Vehicles Passing Daily, The Property is Located in a Thriving Area of Vinton, a Growing Suburb of Roanoke, VA, Ensuring Steady Customer Flow and Reinforcing its Value as a Dependable Investment
- Proximity to Major Economic Drivers: The Property is Strategically Located Near Carilion Roanoke Memorial Hospital, One of the Region’s Largest Employers With Over 13,000 Employees, and Roanoke College, Which Has an Enrollment of Approximately 2,000 Students; These Nearby Institutions Contribute to a Stable and Growing Customer Base, Enhancing the Property’s Attractiveness and Ensuring Consistent Business
- Robust Retail Environment: The Location is Part of a Well-Established Commercial Corridor, Surrounded By Popular National Retailers like Food Lion, CVS, and Dollar Tree, Driving Significant Foot Traffic to the Area: This Vibrant Retail Environment Ensures Sustained Visibility and Customer Engagement
Strong Demographics | Affluent Population | Proven Market Performance:
- Solid Local Demographics: The Vinton Area Boasts a Population of Over 90,000 Residents Within a 5-Mile Radius, With an Average Household Income of Approximately $70,000; These Strong Demographics Support Sustained Demand and Long-term Stability For the Tenant
- Established Success and Community Presence: This KFC Location Has Become a Trusted and Recognized Establishment Within the Vinton Community: the Strong Sales Performance and Long-Standing Presence Make This Property a Proven and Secure Investment
In Cooperation With Sands Investment Group, Inc – Lic. #BoR: Tom Gorman – Lic. VA #0225269275
Tasty Chick’n LLC
713 Hardy Road, Vinton, VA 24179, USA
TASTY RESTAURANT GROUP LLC
Tasty Restaurant Group, LLC (TRG), an affiliate of Triton Pacific Capital Partners, is based in Dallas, TX, and manages over 400 restaurants under well-known brands such as Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken, and Taco Bell. TRG was founded on the belief that strong teams are essential to building great brands, delivering outstanding service, and ensuring high-quality guest experiences. The company is dedicated to every detail that contributes to a brand’s long-term success and growth. With a singular focus on providing exceptional service, care, and added value, TRG continuously enhances its current restaurants, develops new ones, and expands through acquisitions. By prioritizing talent development, fostering positive guest experiences, and engaging with communities, TRG supports its restaurants in achieving excellence while meeting both operational and financial goals.
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Price
$1,911,009
Cap Rate
5.75%
PREMISES
4,188 SF
RENEWAL OPTIONS
4 x 5 Years Options
Lease Expiration
09/30/2044
Lease Type
Absolute NNN
RENTAL INCREASES
1.5% Annually, Starting in Year 7
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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