KFC
Sturgis, MI
Key Details
| Price: | $1,051,111 |
|---|---|
| Cap Rate: | 5.85% |
| Annual Rent: | $61,490 |
| Address: | 406 South Centerville Road, Sturgis, Michigan 49091 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 10/1/2018 |
| Lease Expiration: | 9/30/2038 |
| Lease Term Remaining: | 13.7 Years |
| Rental Increases: | 7.50% Every 5 Years |
| Lot Size: | 0.45 Acres |
| Building Size: | 2,795 SF |
| Year Built: | 1994 |
NNN Pro is pleased to present the exclusive listing for a KFC located at 406 South Centerville Road, Sturgis, Michigan 49091. The site consists of roughly 2795 rentable square feet of building space on an estimated 0.45-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease, which commenced 10/1/2018. The current annual rent is $61,490 and has scheduled increases of 7.50% Every 5 Years.
About the Investment
- 20-Year Absolute Triple Net (NNN) Lease | This investment is subject to an en existing absolute triple-net lease with over 14 years remaining. The lease will have no landlord responsibilities.
- Attractive Rental Increases | The lease will feature 7.50% increases every five (5) years.
- Dense Retail Corridor | The subject property is situated near McDonald's, Arby's, Pizza Hut, Popeyes, Rite Aid, Dairy Queen, Tractor Supply Co, Ace Hardware, Dunham's Sports, H&R Block, and many more.
- Strong Franchisee Guarantee | This lease is subject to a strong franchisee guarantee from KBP Foods, which operates over 800 locations in 28 states. KBP Foods is the largest KFC franchisee in the US, operating more than 20% of KFC outlets.
Key Details
| Price: | $1,051,111 |
|---|---|
| Cap Rate: | 5.85% |
| Annual Rent: | $61,490 |
| Address: | 406 South Centerville Road, Sturgis, Michigan 49091 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 10/1/2018 |
| Lease Expiration: | 9/30/2038 |
| Lease Term Remaining: | 13.7 Years |
| Rental Increases: | 7.50% Every 5 Years |
| Lot Size: | 0.45 Acres |
| Building Size: | 2,795 SF |
| Year Built: | 1994 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony Bird
abird@nnnpro.com
License: NY: 10401306066
Broker of Record
Brian Brockman
Bang Realty-Michigan, Inc
License: 6502428679
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.