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32610038
32610037

2011 Old U.S. 27, Saint Johns, MI 48879

RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease
$909,704
30 days on market
Updated 11 days ago

KFC

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,988
Cap Rate 6.75%
NOI $61,405
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 04/30/2040
Price per SqFt $458
Year Built 1988
Acreage 1.310
Investment Type Net Lease
Lease Commencement 04/07/2020

Retail | 6.75% CAP | 1,988 SqFt

Marketing description

Fortis Net Lease is pleased to present the opportunity to acquire a freestanding KFC

located at 2011 Old U.S. 27 in St. Johns. The subject property features a 2,988 square

foot building situated on a spacious 1.31-acre parcel and is secured by a long-term 20-

year NNN lease. This structure offers investors a passive investment with minimal

landlord responsibilities, as the tenant is responsible for taxes, insurance, and

maintenance. With an annual net operating income of $61,405, the asset provides stable

and predictable cash flow backed by a nationally recognized quick-service restaurant

operator.

Strategically positioned along Old U.S. 27, a primary commercial corridor, the property

benefits from strong visibility, accessibility, and consistent traffic patterns within the

local trade area. KFC’s established brand recognition and long-standing presence

enhance the overall credit profile and durability of the investment. Located in the

growing central Michigan community of St. Johns, this offering presents an attractive

opportunity for investors seeking a stable, income-producing net lease asset with longterm

upside potential.

Investment highlights

  • NNN lease ensuring passive, management-free ownership
  • Bells & Birds Inc (35 Locations) lease guarantee
  • Annual rent CPI rent bumps capped at 1.5%
  • Freestanding 2,988 SF building on a large 1.31-acre lot
  • Prime location along Old U.S. 27 in St. Johns
  • Positioned within a stable and growing central Michigan trade area

Listing Contacts

RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease

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$
$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,405.00
$5,117.08/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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