KFC – Houghton Lake, MI

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KFC – Houghton Lake, MI

9367 W. Lake City Rd Houghton Lake MI Roscommon County

Sales Price: $1,588,164

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.

STRATEGIC LOCATION OFF HIGHWAY

  • This restaurant was recently remodeled.
  • The subject site is located directly off US-127 and is convenient for highway travelers.
  • The property is surrounded by other QSR’s such as Burger King, McDonald’s, and Subway.
  • The Mid Michigan Health Center (a University of Michigan medical affiliate) is also in close proximity and draws consumers to the area.

Building Size: 3,168 SF

Lot Size: 1.03 acre

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 471 2,272 5,073
Avg. HH Income: $43,264 $41,508 $46,030

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.