About This Restaurant
Investment Highlights
13 years remaining on initial 20-Year Absolute NNN Lease with 5% rental escalations every 5 years will generate sales in excess of $1 billion in 2023 (FQSR, LLC is the Tenant on the lease, encompasses all restaurant locations) Positioned on a ? 1.22-acre parcel, just off the hard corner where traffic counts exceed 61,960 CPD! KBP Foods (the largest KFC franchisee in the U.S.) Operates ?840 Locations in 28 States (+20% of KFC locations in the U.S. system) Well-located in the dominant retail corridor for the trade area ? less than 1 Mile from Birchwood Regional Mall, Kroger, Home Depot, Target, Lowe?s SEASONED LOCATION ? Successfully Open and Operating for decades with an Attractive 7.16% Rent to Sales Ratio!
Executive Summary
(Building & Land) Fee Simple
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Bank General Retail Restaurant General Retail Storefront Fast Food
- Building Size 3,157
- Building Class C
- Year Built/Renovated 2000/2007
- Price 1,544,000
- Price Per SF 489
- Cap Rate 6
- NOI 92,610
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 1.22 AC
Amenities
- Signage
- Drive Thru
Nearby Amenities & Transportation
Retail | WW | ||
Retail | Big Boy | ||
Retail | Kroger | ||
Retail | Denny's | ||
Retail | BIGGBY Coffee | ||
Retail | Fifth Third Bank | ||
Retail | Rent-A-Center | ||
Retail | ALDI | ||
Retail | Olive Garden Italian Rstrnt | ||
Retail | Starbucks |
Property Taxes
Parcel Number | 20-021-3006-000 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $455,400 |
Date Created: | 2024-07-16 04:16:18 | Last Updated: | 2024-07-16 04:16:18 |
Address: | 3040 Krafft Rd , Fort Gratiot, Michigan, 48059 |