KFC-Cadillac, MI

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KFC-Cadillac, MI

9101 E. 34 Rd Cadillac MI Wexford County

Sales Price: $2,174,182

Cap Rate: 5.50%

Contact Person(s): Matt Swantko
Scott Sonenberg
Kevin Baker
Daniel Kukes

Description:

ABSOLUTE NET LEASE | ZERO LANDLORD RESPONSIBILITIES

  • Tenant directly pays for common area maintenance, taxes, and insurance.
  • Landlord has zero responsibilities.
  • Tenant is responsible for roof, structure, parking lot, and all aspects of the property.
  • Perfect investment for the management free, passive investor.

NEW 20 YR  SALE LEASEBACK | FRANCHISEE CREDIT | RENT BUMPS

  • Bells & Birds, Inc. will sign a new 20 year lease with four (4) five (5) year options with rent commencing upon closing.
  • 10% rent bumps every 5 years during the primary term and each option period.
  • Bells & Birds, Inc. has been operating Yum! Brands for 13 years.

STRONG RETAIL CORRIDOR

  • Cadillac, Michigan is the geographic center of Michigan and provides bus service to Grand Rapids and St. Ignace.
  • The intersection of Old US-131 and Boon Rd is home to big box retailers such as Meijer, Home Depot, Walmart, Art Van Furniture, ABC Warehouse, TJ Maxx, Hobby Lobby, ALDI, and many more.
  • These retailers draw a customer base from as much as 20 miles away.

STRATEGIC LOCATION

  • KFC is located directly off US-131, which makes it an easy stop of travelers passing through.
  • The store sales are above the national average because of its well located position in the market.
  • Just outside of Cadillac, the Baker College campus occupies 66 acres and has 1,300 students enrolled which provides a large customer base.

Building Size: 3,125 SF

Lot Size: 1.72 acres

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 322 10,800 16,714
Avg. HH Income: $76,205 $57,228 $60,797
Daytime Population: 2,725 12,994 15,033

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.