18303 Joy Rd - Fast Food FOR SALE


Detroit, MI 48228- Warrendale
$2,416,667 USD
714-875-2400
18303 Joy Rd, Detroit, MI for Sale
$2,416,667 USD
Fast Food - FOR SALE
1/20
null | 6% Cap Rate

18303 Joy Rd
Detroit, MI 48228
Warrendale


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 locat
  • GREAT DETROIT LOCATION - Located on Joy Road, West of the Southfield Fwy. It is well-positioned in an Urban Infill location with great Visibility & Ac

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,416,667 USD

PRICE/SF

$1,124 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,520 SF

ZONING

C

APN/PARCEL ID

22-00233-951

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.