7008 N Saginaw Rd
Mount Morris, MI 48458
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale

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 and will generate sales in excess of $800 million in 2019. This asset has new, high quality build-to-suit construction of KFC’s newest “American Showman” prototype in 2018 and sales are tracking to hit an attractive 7.16% rent to sales ratio! KFC is located in Mt. Morris Township, Michigan on a hard corner with excellent drive-by visibility. Nearby retailers include: Kroger, Save-A-Lot, Family Dollar, Dollar General, Dollar Tree, Rite Aid, Walmart Supercenter, Sam’s Club, The Home Depot, Target, Kohl’s, Burlington, Hobby Lobby, Michaels, Best Buy, JCPenney, Macy’s, Barnes & Noble, Old Navy, PetSmart, ALDI, Walgreens, etc. The subject lovation is 6 miles from the University of Michigan – Flint (enrollment of 7,532), 8 miles from Mott Community College (enrollment of 6,298), 8 miles from Kettering University (enrollment of 2,311), 6 miles from Hurley Medical Center (443 beds), 8.5 miles from McLaren Flint Hospital (378 beds). *In Association with Michigan Local Broker: Andy & Colleen Whisler | Community Choice Realty | MI License # 6502380502