32 W Adams St - Fast Food FOR SALE
Iron River, MI 49935 |
$2,699,500 USD
866-889-0550
32 W Adams St
Iron River, MI 49935
HIGHLIGHTS
- LONG TERM LEASEBACK
- LEASE STRUCTURE: ±14-year Absolute NNN sale-leaseback offering, providing long-term passive income
- RENT GROWTH: Rare 2% annual rent escalations throughout the initial lease term
- STRATEGIC POSITIONING: Adjacent to Krist Food Mart and directly across from Circle K; positioned in front of Saigh Family Dental
- CAPITAL IMPROVEMENTS: Full site redevelopment completed in 2024, offering a modern and turnkey asset
- RETAIL SYNERGY: Surrounded by established national retailers including Tractor Supply Co., McDonald’s, and Subway
FOR SALE DETAILS
PRICE
$2,699,500 USD
PRICE/SF
$1,125 USD /SF
CAP RATE
6.6%
% 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
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.41 AC
LAND SF
17,860 SF
ZONING
C-1
APN/PARCEL ID
054-112-009-00
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
866-889-0550
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
866-889-0550
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
