10018 Lapeer Rd - Fast Food FOR SALE


Davison, MI 48423- Burton/Davison
$1,918,075 USD
332-345-4222
10018 Lapeer Rd, Davison, MI for Sale
$1,918,075 USD
Fast Food - FOR SALE
1/2
null | 6.75% Cap Rate

10018 Lapeer Rd
Davison, MI 48423
Burton/Davison


HIGHLIGHTS

  • 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases The lease will feature 8.00% increases every five (5) years.
  • Dense Retail Corridor
  • Strong Franchisee Guarantee

OVERVIEW

Surmount is pleased to present the exclusive listing for a KFC located at 10018 Lapeer Road, Davison, MI 48423. The site consists of roughly 3,553 rentable square feet of building space on an estimated 0.9-acre parcel of land. This KFC is subject to a 20-Year Triple Net (NNN) lease, which commenced 10/18/2013. The current annual rent is $129,470 and has scheduled increases of 8.00% every 5 years.

FOR SALE DETAILS

PRICE

$1,918,075 USD

PRICE/SF

$540 USD /SF

CAP RATE

6.75%

% 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

1984

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

NOT AVAILA

APN/PARCEL ID

05-15-100-001

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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