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1222 W Michigan Ave
Three Rivers, MI 49093
Retail Property For Sale
PROPERTY FACTS
ABOUT 1222 W MICHIGAN AVE , THREE RIVERS, MI 49093
KFC has a brand new 20-year Absolute NNN lease with 5% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods is the largest KFC franchisee in the US, operates 611 locations in 23 states, and will generate sales in excess of $650 million in 2018. This asset has been successfully open and operating for decades with an attractive 8% rent-to-sales ratio and is slated for remodel by yearend 2019! KFC is located in Three Rivers, Michigan across the street from Walmart Supercenter with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Meijer, Menards, The Home Depot, Tractor Supply Co., ALDI, Family Farm & Home, Dunham’s Sports, Peebles, Dollar General, Harbor Freight Tools, O’Reilly Auto Parts, AutoZone, NAPA Auto Parts, Goodwill, Walgreens, Rite Aid, etc. The subject location is less than half a mile from Three Rivers Health (60 beds) and1.5 miles from AAM Driveline (a premier global manufacturing leader). *In Association with Michigan Local Broker: Andrew Whisler, Community Choice Realty # 6502380502
PROPERTY TAXES
| Parcel Number | 051-399-105-00 | Improvements Assessment | $224,300 |
| Land Assessment | $330,000 | Total Assessment | $554,300 |
PROPERTY TAXES
