3040 Krafft Rd - Fast Food FOR SALE
Fort Gratiot, MI 48059 |
3040 Krafft Rd
Fort Gratiot, MI 48059
HIGHLIGHTS
- 13 years remaining on initial 20-Year Absolute NNN Lease with 5% rental escalations every 5 years
- KBP Foods (the largest KFC franchisee in the U.S.) Operates ±840 Locations in 28 States (+20% of KFC locations in the U.S. system)
- Will generate sales in excess of $1 billion in 2023 (FQSR, LLC is the Tenant on the lease, encompasses all restaurant locations)
- Well-located in the dominant retail corridor for the trade area – less than 1 Mile from Birchwood Regional Mall, Home Depot, Target, Lowe’s, Kohl's
- Positioned on a ± 1.22-acre parcel, just off the hard corner where traffic counts exceed 61,960 CPD!
- SEASONED SALES LOCATION - Successfully open and operating for decades with an ATTRACTIVE 7.16% RENT TO SALES RATIO!
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
KFC | LONG JOHN SILVERS – FT GRATIOT TOWNSHIP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
3157
STORIES
1
YEAR BUILT
2000
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
20-021-3006-000
