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- LoopNet Team
1246 W M-89 Hwy
Plainwell, MI 49080
KFC: Brand New 20 Yr Absolute NNN Lse! · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Drive Thru
- Air Conditioning
ABOUT 1246 W M-89 HWY , PLAINWELL, MI 49080
KFC has a brand new 20-year Absolute NNN lease with 5% rental escalations every 5 years with two 5-year renewal options. The tenant, KBP Foods (the largest KFC Franchisee in the US), operates 611 locations in 23 states (13% of locations in US system) and will generate sales in excess of $650 million in 2018. This asset has been successfully open and operating for decades with an attractive 7.25% rent-to-sales ratio. The subject location was recently remodeled to the “American Showman” prototype in 2016! KFC is located in Plainwell, Michigan just off the main east/west thoroughfare with high drive-by visibility. Nearby retailers to this asset include Walmart Supercenter, The Home Depot, Meijer, Tractor Supply Co., ALDI, Dollar Tree, Dollar General, Goodwill, The Salvation Army Family Store, O’Reilly Auto Parts, AutoZone, Advance Auto Parts, Walgreens, Rent-A-Center, etc. The subject location is less than one mile from Borgess-Pipp Hospital (43 beds). *In Association with Michigan Local Broker: Andrew Whisler, Community Choice Realty # 6502380502
PROPERTY TAXES
| Parcel Number | 17-025-005-00 | Improvements Assessment | $314,200 |
| Land Assessment | $198,500 | Total Assessment | $512,700 |
PROPERTY TAXES
