KFC with Double Drive-Through
Retail | 6.00% CAP | 2,150 SqFt
Marketing description
Prime Net Lease is pleased to exclusively present for sale this established single tenant net-leased KFC Restaurant located in Detroit, MI. This site uniquiley features a double drive-through, which is quire rate for KFC locations. There are 17+ 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 1100+ 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 17+ 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 1100 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.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
