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- LoopNet Team
13785 E 13 Mile Rd
Warren, MI 48088
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
ABOUT 13785 E 13 MILE RD , WARREN, MI 48088
KFC has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods is the largest KFC franchisee in the US operating 700+ locations in 23 states and will generate sales in excess of $800 million in 2019. This asset has been successfully open and operating for decades with an attractive 7.57% rent-to-sales ratio and was recently remodeled in 2018 to the new “American Showman” prototype – showing the tenants commitment to the location. KFC is located in Warren, Michigan on a pad site to Kroger with excellent drive-by visibility. Nearby retailers include: Dollar Tree, Dollar General, Randazzo Fresh Market, CVS Pharmacy, Ace Hardware, Walmart Supercenter, Target, Burlington, Marshalls, Menards, Meijer, Lowe’s Home Improvement, The Home Depot, Art Van Furniture, Petco, Walgreens, etc. The subject location is just 1.5 miles from Macomb Community College Warren (enrollment of 21,946), 5 miles from Bake College of Clinton Township (enrollment of 3,625), and 2 miles from Ascension Macomb-Oakland Hospital (376 beds). *In Association with Michigan Local Broker: Andy & Colleen Whisler, Community Choice Realty #6502380502
PROPERTY TAXES
| Parcel Number | 12-13-01-351-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $246,290 |
PROPERTY TAXES
