34530 23 Mile Rd
New Baltimore, MI 48047
KFC: New 20 Yr Absolute NNN Lease · Retail Property For Sale

KFC has a brand new 20 year Absolute NNN lease with 5% rental escalations every 5 years and two 5 year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US that operates 550+ locations in 20 states and will generate sales in excess of $500M in 2017. FQSR, LLC is the tenant on the lease, encompassing all restaurant locations. This store has been successfully open and operating since 1997 with an attractive 7.25% rent-to-sales ratio. The subject property is located in Chesterfield, Michigan, on the main East/West thoroughfare on 23 Mile Rd with high drive-by visibility. Nearby retailers include Kroger, Dollar Tree, Dollar General, AutoZone, Rite Aid, CVS Pharmacy, Advance Auto Parts, etc. KFC is also 4 miles from Target, Kohl’s, Lowe’s Home Improvement, The Home Depot, Meijer, Best Buy, Hobby Lobby, Michaels, JCPenney, Old Navy, TJ Maxx, DSW Shoes, Jo-Ann Fabrics, Dick’s Sporting Goods, Dunham’s Sports, Bed Bath & Beyond, ULTA Beauty, Staples, PetSmart, Petco, Dollar Tree, Big Lots, MJR Digital Cinemas, and more. *In Association With: Community Choice Realty | License# 6502380502