1246 W M-89 Hwy - Fast Food FOR SALE


Plainwell, MI 49080
$1,338,500 USD
1246 W M-89 Hwy, Plainwell, MI for Sale
$1,338,500 USD
Fast Food - FOR SALE
1/2
null | 5.75% Cap Rate

1246 W M-89 Hwy
Plainwell, MI 49080


HIGHLIGHTS

  • Robust Traffic Counts on M-89 (26k VPD) and Highway 131 (36k VPD) (Source: MDOT 2025)
  • Affluent Kalamazoo Bedroom Community with an Average Household Income of Over $93K within Five Miles of the Subject Asset, as of 2024
  • Parks and Outdoor Recreational Facilities Nearby Include: Bittersweet Ski Resort, Lynx Golf Club, Gull Lake, Kalamazoo Speedway, and More
  • Well-Established Retail Corridor that Includes: Meijer, Aldi, Walmart, Tractor Supply, Home Depot, Dollar Tree, Walgreens, Advance Auto and Others
  • Subject is 12 Miles from Kalamazoo with a Population of 265k in the MSA

OVERVIEW

Subject is a 2,638 Square-Foot KFC on a .91-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. This KFC is Operated by KBP Foods, the Largest KFC Franchisee with over 1,100 Stores Across Multiple Brands and over $1 billion in Annual Revenue | It Delivers Investors Institutional-quality Credit with Over 12 Years of Term and Attractive 5% Rental Increases Every Five Years Through the Primary Term and Option Periods.

FOR SALE DETAILS

PRICE

$1,338,500 USD

PRICE/SF

$507 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,491 SF

ZONING

-

APN/PARCEL ID

17-025-005-00

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