KFC & LJS ? FORT GRATIOT TOWNSHIP, MI 3040 Krafft Rd

3040 Krafft Rd , Fort Gratiot, Michigan, 48059 | 3,157 sq.f | $ 1,544,000

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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