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KFC 222 Lansing St 2,106 SF Retail Building Charlotte, MI 48813 $1,657,455 ($787.02/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Institutional-Grade Operator: Operated by KBP Brands, a premier QSR franchise with +1,100 units nationwide, ensuring strong financial backing and oper
- Secure Long-Term Income: Approximately ±13 years of base term remaining, providing predictable, consistent cash flow.
- High-Visibility Location: The property offers prime placement along Lansing Street, Charlotte’s main retail corridor, with steady traffic and excellen
- True Passive Ownership: Absolute NNN lease with the tenant responsible for all expenses, eliminating landlord responsibilities.
- Rental Increase: 7.50% rental increase in 3 years.
- Established Market Demand: Charlotte serves as Eaton County’s county seat, supported by government, healthcare, and educational institutions that driv
EXECUTIVE SUMMARY
Broker of Record
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,106 SF
Building Class
C
Year Built
1999
Price
$1,657,455
Price Per SF
$787.02
Cap Rate
5.50%
NOI
$91,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
N/A
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 200-018-100-022-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $279,000 |
PROPERTY TAXES
Parcel Number
200-018-100-022-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$279,000
CONTACTS
-
Michael Wolsiefer -
Dylan Schroeder -
Connor Knauer -
Matthews Real Estate Investment Services
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KFC | 222 Lansing St
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