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2011 N US Highway 27 1,988 SF Retail Building Saint Johns, MI 48879 $909,704 ($457.60/SF) 6.75% Cap Rate
Investment Highlights
- Established KFC tenant with strong national brand recognition
- Strong visibility and accessibility with steady traffic counts
- Freestanding 2,988 SF building on a large 1.31-acre lot
Executive Summary
Fortis Net Lease is pleased to present the opportunity to acquire a freestanding KFC
located at 2011 Old U.S. 27 in St. Johns. The subject property features a 2,988 square
foot building situated on a spacious 1.31-acre parcel and is secured by a long-term 20-
year NNN lease. This structure offers investors a passive investment with minimal
landlord responsibilities, as the tenant is responsible for taxes, insurance, and
maintenance. With an annual net operating income of $61,405, the asset provides stable
and predictable cash flow backed by a nationally recognized quick-service restaurant
operator.
Strategically positioned along Old U.S. 27, a primary commercial corridor, the property
benefits from strong visibility, accessibility, and consistent traffic patterns within the
local trade area. KFC’s established brand recognition and long-standing presence
enhance the overall credit profile and durability of the investment. Located in the
growing central Michigan community of St. Johns, this offering presents an attractive
opportunity for investors seeking a stable, income-producing net lease asset with longterm upside potential.
located at 2011 Old U.S. 27 in St. Johns. The subject property features a 2,988 square
foot building situated on a spacious 1.31-acre parcel and is secured by a long-term 20-
year NNN lease. This structure offers investors a passive investment with minimal
landlord responsibilities, as the tenant is responsible for taxes, insurance, and
maintenance. With an annual net operating income of $61,405, the asset provides stable
and predictable cash flow backed by a nationally recognized quick-service restaurant
operator.
Strategically positioned along Old U.S. 27, a primary commercial corridor, the property
benefits from strong visibility, accessibility, and consistent traffic patterns within the
local trade area. KFC’s established brand recognition and long-standing presence
enhance the overall credit profile and durability of the investment. Located in the
growing central Michigan community of St. Johns, this offering presents an attractive
opportunity for investors seeking a stable, income-producing net lease asset with longterm upside potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,988 SF
Building Class
B
Year Built
1988
Price
$909,704
Price Per SF
$457.60
Cap Rate
6.75%
NOI
$61,405
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.31 AC
Zoning
C-2
Parking
42 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 030-022-200-015-03 | Improvements Assessment | $270,200 |
| Land Assessment | $99,600 | Total Assessment | $369,800 |
Property Taxes
Parcel Number
030-022-200-015-03
Land Assessment
$99,600
Improvements Assessment
$270,200
Total Assessment
$369,800
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2011 N US Highway 27