KFC – Mt. Pleasant, MI

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KFC – Mt. Pleasant, MI

223 N. Mission St Mt. Pleasant MI Isabella County

Sales Price: $1,981,818

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 INFILL LOCATION

  • Mission Street is the main retail corridor in Mt. Pleasant.
  • The thoroughfare consists of five lanes and has 17,000 vpd.
  • Retailers in Mission St corridor include Meijer, Target, Dick’s Sporting Goods, PetSmart, JCPenney, ABC Warehouse, Planet Fitness, Walmart, Sam’s Club, Kohl’s, Menard’s, ALDI, and many more.

CLOSE PROXIMITY TO CENTRAL MICHIGAN UNIVERSITY

  • The subject site is less than 1 mile away from Central Michigan University.
  • CMU has 17,845 students and provides a consistent consumer base.
  • CMU is one of the largest employers in Mt. Pleasant employing 2,693 people.

Building Size: 2,898 SF

Lot Size: 0.82 acre

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 8,935 39,191 44,628
Avg. HH Income: $55,285 $51,159 $55,135

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.