2011 N US Highway 27 - Fast Food FOR SALE


Saint Johns, MI 48879
$909,704 USD
248-254-3406
2011 N US Highway 27, Saint Johns, MI for Sale
$909,704 USD
Fast Food - FOR SALE
1/5
null | 6.75% Cap Rate

2011 N US Highway 27
Saint Johns, MI 48879


HIGHLIGHTS

  • Established KFC tenant with strong national brand recognition
  • Freestanding 2,988 SF building on a large 1.31-acre lot
  • Strong visibility and accessibility with steady traffic counts

OVERVIEW

Fortis Net Lease is pleased to present the opportunity to acquire a freestanding KFC located at 2011 Old U.S. 27 in St. Johns. The subject property features a 2,988 square foot building situated on a spacious 1.31-acre parcel and is secured by a long-term 20- year NNN lease. This structure offers investors a passive investment with minimal landlord responsibilities, as the tenant is responsible for taxes, insurance, and maintenance. With an annual net operating income of $61,405, the asset provides stable and predictable cash flow backed by a nationally recognized quick-service restaurant operator. Strategically positioned along Old U.S. 27, a primary commercial corridor, the property benefits from strong visibility, accessibility, and consistent traffic patterns within the local trade area. KFC’s established brand recognition and long-standing presence enhance the overall credit profile and durability of the investment. Located in the growing central Michigan community of St. Johns, this offering presents an attractive opportunity for investors seeking a stable, income-producing net lease asset with longterm upside potential.

FOR SALE DETAILS

PRICE

$909,704 USD

PRICE/SF

$458 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,101 SF

ZONING

C-2

APN/PARCEL ID

030-022-200-015-03

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

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