This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
18301 Joy Rd
Detroit, MI 48228
Land For Sale · 0.62 AC
Investment Highlights
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- New, High Quality, Build-to-Suit Construction of KFC’s Newest “American Showman” Prototype in 2021.
- Great Visibility & Access on Joy Rd, just West of Southfield Fwy (182,987 CPD) where Traffic Counts Exceed 15,690 CPD!
- KBP Foods Operates ±820 Locations in 27 States (20% of Locations in the U.S. System) and will Generate Sales in Excess of $1 Billion in 2022
- Sales are Tracking to Hit an Attractive 8.50% Rent to Sales Ratio (If Annualized)!
- 2021 DEMOGRAPHICS (5-MI): Total Population: 366,983 | Average Household Income: $55,617
PROPERTY FACTS
Property Type | Land | Proposed Use | Restaurant |
Property Subtype | Commercial | Total Lot Size | 0.62 AC |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Restaurant |
Total Lot Size | 0.62 AC |
Description
KFC has a Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years! KBP Foods (the Largest KFC Franchisee in the U.S.) Operates ±820 Locations in 27 States (20% of Locations in the U.S. System) and will Generate Sales in Excess of $1 Billion in 2022. New, High Quality, Build-to-Suit Construction of KFC’s Newest “American Showman” Prototype in 2021. Sales are Tracking to Hit an Attractive 8.50% Rent to Sales Ratio (If Annualized)! This location is Well-Positioned in an Urban Infill Location with Great Visibility & Access on Joy Rd, just West of Southfield Fwy (182,987 CPD) where Traffic Counts Exceed 15,690 CPD! Major retailers within 10-mile radius include Walmart, Target, Burlington, Costco, Sam’s Club, Home Depot, Lowe’s Home Improvement, Menards, Barnes & Noble, T.J. Maxx, Marshalls, Dick’s Sporting Goods, Best Buy, Old Navy, Big Lots, Michaels, PetSmart, Five Below, Party City, Staples, Ace Hardware, Harbor Freight Tools, Meijer, Kroger, ALDI, Dollar Tree and Goodwill; 3 miles from University of Michigan Dearborn - a public university offering over 230 major, minor, graduate, doctoral programs & certificates with 8,331 students; 5 miles from Henry Ford College - a public community college offering 150+ career focused, job ready degree programs & certificates with total enrollment of 11,494; 6 miles from Beaumont Hospital Dearborn - With 632 beds, Beaumont is a major teaching & research hospital & home to 3 medical residency programs; Less than 4 miles from Ford Motor Company World Headquarters - (aka Henry Ford II World Center, popularly known as the “Glass House”) - a 12-story, glass-faced office building designed to accommodate approx. 3,000 employees. In Association with Michigan Designated Broker: Andy & Colleen Whisler | Community Choice Realty | License # 6502380502
Links
PROPERTY TAXES
Parcel Number | 22-00233-951 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $167,600 |
PROPERTY TAXES
zoning
Zoning Code | Commercial |
Commercial |
Learn More About Investing in Land
Listing ID: 25582993
Date on Market: 4/28/2022
Last Updated:
Address: 18301 Joy Rd, Detroit, MI 48228
The Land Property at 18301 Joy Rd, Detroit, MI 48228 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
Land PROPERTIES IN NEARBY NEIGHBORHOODS
- Midtown Detroit Commercial Land
- West Side Detroit Commercial Land
- Uptown Detroit Commercial Land
- Southwest Detroit Commercial Land
- Downtown Detroit Commercial Land
- Corktown Commercial Land
- Core City Commercial Land
- Woodbridge Commercial Land
- Mackenzie Commercial Land
- North Detroit Commercial Land
- Tech Town Commercial Land
- Boynton Commercial Land
- Warrendale Commercial Land
- Downtown Dearborn Commercial Land
- Springwells Commercial Land