18303 Joy Rd | Detroit, MI 48228
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18303 Joy Rd
Detroit, MI 48228
KFC · Retail Property For Sale
Investment Highlights
- LONG TERM LEASE – 20-year lease has 19+ years remaining, providing a long term and stable investment for a new investor.
- RENTAL INCREASES – There are 7% rental increases every five (5) years, providing an investor a hedge against inflation.
- GREAT DETROIT LOCATION - Located on Joy Road, West of the Southfield Fwy. It is well-positioned in an Urban Infill location with great Visibility & Ac
- ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor
- FRANCHISE GUARANTEE – The lease is guaranteed by FQSR, LLC dba KBP Foods; the largest KFC Franchisee in the United States that operates over 840 locat
Executive Summary
Prime Net Lease is pleased to exclusively present for sale this established singletenant net-leased KFC Restaurant located in Detroit, MI. There are 19+ years remaining on this absolute NNN lease which features 7% increases every five years. The operator is KBP Foods, the largest KFC Franchisee in the United States. KBP operates 840+ locations in 28 states.
Located on Joy Road, West of the Southfield Fwy, it is well-positioned in an Urban Infill location with great Visibility & Access on Joy Road. It is 3 miles from the University of Michigan, Dearborn - a public university with 8,331 students; 5 miles from Henry Ford College - a public community college with an enrollment of 11,494 students. There are over 25 Major Retailers within a 10-mile radius; including, Walmart, Target, Costco, Home Depot, Lowe's Home Improvement, PetSmart, Staples, and many others.
KFC Corporation, based in Louisville, KY., is the world's most popular chicken restaurant chain. There are more than 24,000 restaurants in over 145 countries and territories around the world. KFC Corporation is a subsidiary of YUM! Brands, Inc. which operates the licensed brands Taco Bell, KFC, Pizza Hut worldwide.
Located on Joy Road, West of the Southfield Fwy, it is well-positioned in an Urban Infill location with great Visibility & Access on Joy Road. It is 3 miles from the University of Michigan, Dearborn - a public university with 8,331 students; 5 miles from Henry Ford College - a public community college with an enrollment of 11,494 students. There are over 25 Major Retailers within a 10-mile radius; including, Walmart, Target, Costco, Home Depot, Lowe's Home Improvement, PetSmart, Staples, and many others.
KFC Corporation, based in Louisville, KY., is the world's most popular chicken restaurant chain. There are more than 24,000 restaurants in over 145 countries and territories around the world. KFC Corporation is a subsidiary of YUM! Brands, Inc. which operates the licensed brands Taco Bell, KFC, Pizza Hut worldwide.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,150 SF
Building Class
B
Year Built
2021
Price
$2,416,667
Price Per SF
$1,124
Cap Rate
6%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.63 AC
Zoning
C - Commercial
Frontage
294 FT on Joy Road
Amenities
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 22-00233-951 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $167,600 |
PROPERTY TAXES
Parcel Number
22-00233-951
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$167,600
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