406 S Centerville Rd - Fast Food FOR SALE


Sturgis, MI 49091
$1,051,111 USD
332-345-4222
406 S Centerville Rd, Sturgis, MI for Sale
$1,051,111 USD
Fast Food - FOR SALE
1/2
null | 5.85% Cap Rate

406 S Centerville Rd
Sturgis, MI 49091


HIGHLIGHTS

  • 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases | The lease will feature 7.50% increases every five (5) years.
  • Dense Retail Corridor

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a KFC located at 406 S Centerville Road, Sturgis, MI 49091. The site consists of roughly 2,795 rentable square feet of building space on an estimated 0.45-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease, which commenced 10/1/2018. The current annual rent is $61,490 and has scheduled increases of 7.50% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,051,111 USD

PRICE/SF

$376 USD /SF

CAP RATE

5.85%

% 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

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

-

APN/PARCEL ID

052-540-001-00

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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