KFC with Double Drive-Through

Retail | 6.00% CAP | 2,150 SF

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Paul Matusik
PRO
License: CA CA 01351021
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Michael Matusik
PRO
License: CA CA 01888322
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Asking Price: $2,416,667

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Address

18303 Joy Rd, Detroit, MI 48228

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Date Added

Jan 8, 2025

Days on Market

124 days

Time Since Last Update

28 days

Details

Property TypeRetail

SubtypeQSR/Fast Food

Investment TypeNet Lease

ClassB

Lease TypeAbsolute NNN

TenancySingle

Brand/TenantKFC

Square Footage2,150

Net Rentable (sq ft)2,150

Price/Sq Ft$1,124.03

Cap Rate6.00%

Occupancy100%

Year Built2021

Buildings1

Stories1

Lot Size (acres)0.629

Broker Co-OpYes

OwnershipFee Simple

INTELLIGENCE

Explore more in-depth Comp & Record details for this property.

Marketing Description

Prime Net Lease is pleased to exclusively present for sale this established singletenant net-leased KFC Restaurant located in Detroit, MI. There are 19+ years remaining on this absolute NNN lease which features 7% increases every five years. The operator is KBP Foods, the largest KFC Franchisee in the United States. KBP operates 840+ locations in 28 states.

Located on Joy Road, West of the Southfield Fwy, it is well-positioned in an Urban Infill location with great Visibility & Access on Joy Road. It is 3 miles from the University of Michigan, Dearborn - a public university with 8,331 students; 5 miles from Henry Ford College - a public community college with an enrollment of 11,494 students. There are over 25 Major Retailers within a 10-mile radius; including, Walmart, Target, Costco, Home Depot, Lowe's Home Improvement, PetSmart, Staples, and many others.

KFC Corporation, based in Louisville, KY., is the world's most popular chicken restaurant chain. There are more than 24,000 restaurants in over 145 countries and territories around the world. KFC Corporation is a subsidiary of YUM! Brands, Inc. which operates the licensed brands Taco Bell, KFC, Pizza Hut worldwide.

Investment Highlights

LONG TERM LEASE – 20-year lease has 19+ years remaining, providing a long term and stable investment for a new investor.

ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor

RENTAL INCREASES – There are 7% rental increases every five (5) years, providing an investor a hedge against inflation.

FRANCHISE GUARANTEE – The lease is guaranteed by FQSR, LLC dba KBP Foods; the largest KFC Franchisee in the United States that operates over 840 locations in 28 states.

GREAT DETROIT LOCATION - Located on Joy Road, West of the Southfield Fwy. It is well-positioned in an Urban Infill location with great Visibility & Access on Joy Road. It is 3 miles from the University of Michigan, Dearborn - a public university with 8,331 students; 5 miles from Henry Ford College - a public community college with an enrollment of 11,494 students. There are over 25 Major Retailers within a 10-mile radius; including, Walmart, Target, Costco, Home Depot, Lowe's Home Improvement, PetSmart, Staples, and many others.