3785 Gratiot Ave | Detroit, MI 48207
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- LoopNet Team
3785 Gratiot Ave
Detroit, MI 48207
KFC - 6% CAP - LOW RENT TO SALES RATIO · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple Net Lease with 16 Years Remaining, Rent Increase scheduled in May 1, 2021 to $78,110 (6% CAP at the listed price).
- Strong Store Sales with Below 7% Rent to Sales Ratio
- Complete Renovation of Interior and Exterior in 2018.
- Signalized Corner Intersection location with 35,619 Vehicles Per Day Traffic. Dense Infill Area with 101,320 People Within 3 Miles Radius.
- Franchised by KBP Foods (Largest KFC franchisee with over 700 locations in 20 states with over a $Billion sales projected for 2020.
- Seasoned Location - Opened for Business Since 1984.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,190 SF
Building Class
C
Year Built/Renovated
1983/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.65 AC
Zoning
Commercial
Parking
20 Spaces (8.58 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 13-001868 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $25,700 |
PROPERTY TAXES
Parcel Number
13-001868
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$25,700
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