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- LoopNet Team
502 E Michigan Ave
Saline, MI 48176
KFC/Taco Bell: New 20 Year Absolute NNN Lse · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
ABOUT 502 E MICHIGAN AVE , SALINE, MI 48176
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 and Taco Bell 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 8.02% rent-to-sales ratio and was recently remodeled in 2019 – showing the tenants commitment to the location. KFC/Taco Bell is located in Saline, Michigan on East Michigan Avenue with excellent drive-by visibility. Nearby retailers include: Busch’s Fresh Food Market, Dollar Tree, Dollar General, Ace Hardware, Tractor Supply Co., Goodwill, The Salvation Army Family Store & Donation Center, CVS Pharmacy, Walmart Supercenter, O’Reilly Auto Parts etc. The subject location is just 4 miles from St. Joseph Mercy Saline (urgent care facility) and 11 miles from St. Joseph Mercy Ann Arbor (537 beds). *In Association with Michigan Local Broker: Andy & Colleen Whisler, Community Choice Realty #6502380502
PROPERTY TAXES
| Parcel Number | 12-31-390-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $618,600 |
PROPERTY TAXES
