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2865 Interstate 75 Business Spur
Sault Sainte Marie, MI 49783
KFC · Retail Property For Sale
Investment Highlights
- 10+ Years Remaining | Options To Extend | Rental Increases
- Main Retail Thoroughfare | Nearby National\Credit Tenants |Interstate-75 | Excellent Visibility and Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- 5-Mile Trade Area Demographics
Executive Summary
SRS National Net Lease Group and Cushman Wakefield are pleased to present to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC investment property located in Sault Ste Marie, Michigan. The tenant, Bells and Birds, Inc., doing business as KFC, has 10 year remaining on their initial lease term at the with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,106 SF
Building Class
C
Year Built
2020
Price
$2,942,266 CAD
Price Per SF
$947.28 CAD
Cap Rate
6.75%
NOI
$198,603 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.42 AC
Opportunity Zone
Yes
Zoning
B-3 - General Business
Parking
21 Spaces (6.76 Spaces per 1,000 SF Leased)
Frontage
329’ on Interstate 75 Business Sp
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
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