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30045998
30045997

1246 M-89, Plainwell, MI 49080 For Sale

JL
NY 10401271892, IN RB14048415
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$1,338,500
137 days on market
Updated 40 days ago

Absolute Net KFC in the Kalamazoo MSA

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,638
Cap Rate 5.75%
NOI $76,965
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Expiration 09/29/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options 2 x 5 Years
Price per SqFt $507
Year Built 1999
Acreage 0.910
Investment Type Net Lease

Retail | 5.75% CAP | 2,638 SqFt

Marketing description

Subject is a 2,638 Square-Foot KFC on a .91-Acre Lot with Ample

Parking, Pylon Signage, and Easy Ingress/Egress.

This KFC is Operated by KBP Foods, the Largest KFC Franchisee

with over 1,100 Stores Across Multiple Brands and over $1 billion

in Annual Revenue | It Delivers Investors Institutional-quality

Credit with Over 12 Years of Term and Attractive 5% Rental

Increases Every Five Years Through the Primary Term and Option

Periods.

Investment highlights

  • Robust Traffic Counts on M-89 (26k VPD) and Highway 131 (36k

    VPD) (Source: MDOT 2025)

  • Affluent Kalamazoo Bedroom Community with an Average

    Household Income of Over $93K within Five Miles of the Subject

    Asset, as of 2024

  • Parks and Outdoor Recreational Facilities Nearby Include:

    Bittersweet Ski Resort, Lynx Golf Club, Gull Lake, Kalamazoo

    Speedway, Kalamazoo Institute of Arts, Kal-Haven Trail State

    Park, and More

  • Well-Established Retail Corridor that Includes: Meijer, Aldi,

    Walmart, Tractor Supply, Home Depot, Dollar Tree, Walgreens,

    Advance Auto Parts, McDonald’s, Pizza Hut, Burger King, Wendy’s,

    Arby’s, Applebee’s, and Others

  • Subject is 12 Miles from Downtown Kalamazoo with an MSA Population of

    265k

Listing Contacts

JL
NY 10401271892, IN RB14048415
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,965.00
$6,413.75/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Paul Kerber
License
MI 6502433613
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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