310 Perry Ave - Fast Food FOR SALE


Big Rapids, MI 49307
$1,932,588 USD
303-376-3672
310 Perry Ave, Big Rapids, MI for Sale
$1,932,588 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

310 Perry Ave
Big Rapids, MI 49307


HIGHLIGHTS

  • 13-years of term remaining
  • Absolute NNN lease sith zero landlord responsibilities
  • Dense retail corridor, nearby Ferris Street Univerity (14,647 students)

OVERVIEW

Pinnacle Real Estate Advisors is pleased to present investors with the opportunity to acquire a drive-thru equipped, dual concept KFC and Long Jon Silver’s property located at 310 Perry Avenue in Big Rapids, Michigan. There is 13 years of term remaining on an absolute net lease, offering a landlord zero responsibilities. The tenant recently completed renovations to meet the most recent brand standard, demonstrating their commitment to this location. The tenant is a professional, 65-unit franchisee that operates under the brands Taco Bell, KFC, Long John Silver’s and Blaze Pizza. The subject site is located along Perry Avenue (15,509 VPD) in a dense retail corridor with excellent visibility and significant highway frontage. This opportunity is just two blocks from S State Street (18,268 VPD) and Ferris State University having an enrollment of 14,167 students.

FOR SALE DETAILS

PRICE

$1,932,588 USD

PRICE/SF

$741 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC/LJS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

5417-015-434-006

ASK ABOUT THIS PROPERTY

Peter PelusoPinnacle Real Estate AdvisorsMore Info
303-376-3672

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Peter PelusoPinnacle Real Estate AdvisorsMore Info
303-376-3672

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