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4980 State St
Saginaw, MI 48603
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale
PROPERTY FACTS
ABOUT 4980 STATE ST , SAGINAW, MI 48603
KFC has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US operating 700+ locations in 23 states and will generate sales in excess of $800 million in 2019. This asset has been successfully open and operating for decades with an attractive 7.56% rent-to-sales ratio and is scheduled for remodel in 2021 – showing the tenant’s commitment to the location! KFC is located in Saginaw, Michigan in a dense retail corridor on a hard corner location with great drive by visibility. Nearby retailers include: Walmart Supercenter, Menards, Kroger, ALDI, Ollie’s Bargain Outlet, Family Dollar, Dollar General, Dollar Tree, Ace Hardware, O’Reilly Auto Parts, AutoZone, Verizon, T-Mobile, The Sprint Store, Walgreens, Rite Aid, etc. The subject location is 8.5 miles from Saginaw Valley State University and 3.5 miles from Covenant HealthCare (643 beds). *In Association with Michigan Local Broker: Andy & Colleen Whisler, Community Choice Realty #6502380502
PROPERTY TAXES
| Parcel Number | 23124163053000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $483,300 |
PROPERTY TAXES
