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32 W Adams St
Iron River, MI 49935
KFC · Retail Property For Sale
Investment Highlights
- LONG TERM LEASEBACK
- RENT GROWTH: Rare 2% annual rent escalations throughout the initial lease term
- CAPITAL IMPROVEMENTS: Full site redevelopment completed in 2024, offering a modern and turnkey asset
- LEASE STRUCTURE: ±20-year Absolute NNN sale-leaseback offering, providing long-term passive income
- STRATEGIC POSITIONING: Adjacent to Krist Food Mart and directly across from Circle K; positioned in front of Saigh Family Dental
- RETAIL SYNERGY: Surrounded by established national retailers including Tractor Supply Co., McDonald’s, and Subway
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,400 SF
Building Class
C
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.41 AC
Zoning
C-1 - Commercial
Frontage
150’ on Adams St
Amenities
- Corner Lot
- Drive Thru
Property Taxes
| Parcel Number | 054-112-009-00 | Improvements Assessment | $169,370 |
| Land Assessment | $5,250 | Total Assessment | $174,620 |
Property Taxes
Parcel Number
054-112-009-00
Land Assessment
$5,250
Improvements Assessment
$169,370
Total Assessment
$174,620
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