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KFC 10018 Lapeer Rd 3,553 SF Retail Building Davison, MI 48423 $2,677,479 CAD ($753.58 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-Year Absolute Triple Net (NNN) Lease
- Dense Retail Corridor
- Attractive Rental Increases The lease will feature 8.00% increases every five (5) years.
- Strong Franchisee Guarantee
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a KFC located at 10018 Lapeer Road, Davison, MI 48423. The site consists of roughly 3,553 rentable square feet of building space on an estimated 0.9-acre parcel of land. This KFC is subject to a 20-Year Triple Net (NNN) lease, which commenced 10/18/2013. The current annual rent is $129,470 and has scheduled increases of 8.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,553 SF
Building Class
B
Year Built/Renovated
1984/2019
Price
$2,677,479 CAD
Price Per SF
$753.58 CAD
Cap Rate
6.75%
NOI
$180,730 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.90 AC
Zoning
NOT AVAILA
Parking
30 Spaces (8.44 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-15-100-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $587,006 CAD |
PROPERTY TAXES
Parcel Number
05-15-100-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$587,006 CAD
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KFC | 10018 Lapeer Rd
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