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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
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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-00233-951
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$167,600

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 25582993

  • Date on Market: 4/28/2022

  • Last Updated:

  • Address: 18301 Joy Rd, Detroit, MI 48228

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