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29184557
29184558

3335 W Carleton Rd, Hillsdale, MI 49242

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale
$2,000,000
144 days on market
Updated 52 days ago

KFC (800+ UNIT OPERATOR) – HILLSDALE, MI

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 1,671
Net Rentable (SqFt) 1,671
Units 1
Cap Rate 6.00%
NOI $120,000
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Expiration 10/28/2045
Remaining Term 19.8
Rent Bumps Yes
Lease Options Two 5 year renewal options
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 1.050
Zoning C
Investment Type Net Lease
Ownership (Building & Land) Fee Simple

Retail | 6.00% CAP 1,671 SqFt

Marketing description

KFC has a Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew. The Tenant, Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states. Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1.1 billion in 2025 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations). A New, high quality, build-to-suit construction of KFC’s newest drive-thru/walk-up DT1600 Red prototype with interior dining and 8-car stack drive-thru - opened October 2025.

The Asset is Positioned on a large ±1.05-acre parcel, this property offers prime visibility and convenient access along W Carleton Rd, the area’s primary north-south corridor, with traffic counts of 14,247 CPD! Retailers in Hillsdale & nearby Jonesville include Walmart, Meijer, Kroger, Aldi, Market House, Dollar General, Dollar Tree, Family Farm & Home, Walgreens, Rent-A-Center, Verizon, Cricket, AT&T, AutoZone, O’Reilly Auto Parts, Goodwill, The Salvation Army Family Store; Dining options include Taco Bell, McDonald’s, Wendy’s, Burger King, Arby’s, Pizza Hut, Hungry Howie’s Pizza, Little Caesars, Subway, Blimpie, Cinnabon, and Auntie Anne’s Pretzels. KFC is 2 miles from Hillsdale College - a private, conservative, Christian liberal arts college offering various undergraduate & graduate programs, serving with 1,794 students; Less than 3 miles from Hillsdale Hospital - a 93-bed progressive rural healthcare facility located in south central Lower Michigan providing services such as acute & critical care, emergency room, radiology, physical therapy, women’s health, etc.

Investment highlights

· BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew

· OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states. Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1.1 billion in 2025 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations)

· BRAND NEW CONSTRUCTION: New, high quality, build-to-suit construction of KFC’s newest drive-thru/walk-up DT1600 Red prototype with interior dining and 8-car stack drive-thru - opened October 2025

· LARGE PARCEL | TRAFFIC COUNTS: Positioned on a large ±1.05-acre parcel, this property offers prime visibility and convenient access along W Carleton Rd, the area’s primary north-south corridor, with traffic counts of 14,247 CPD!

· 2025 DEMOGRAPHICS: Total Population (5MI): 15,127 | Average Household Income (1MI): $80,690

Listing Contacts

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale

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$120,000.00
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