KFC – Gaylord, MI

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KFC – Gaylord, MI

508 W. Main Street Gaylord MI Otsego County

Sales Price: $1,790,909

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.

LOCATED ON PROMINENT CORRIDOR | DENSE RETAIL INFILL LOCATION

  • Store was recently remodeled.
  • M-32 is the main retail corridor in Gaylord, MI.
  • The thoroughfare consists of five lanes and has 16,632 vpd.
  • Retailers on M-32 include Walmart, Lowe’s, Home Depot, Dunham’s, Family Farm & Home, Ulta, TJ Maxx, Hobby Lobby, Gordon Food Service, Kohl’s, Meijer, and Family Fare Supermarket.
  • The property is situated nearby other QSR’s such as McDonald’s, Burger King, Wendy’s, and Arby’s making this a destination for their customer base.

Building Size: 2,672 SF

Lot Size: 0.60 acre

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 3,713 8,858 12,605
Avg. HH Income: $50,541 $66,560 $69,981
Daytime Population: 7,704 11,494 12,549

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.