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KFC 406 S Centerville Rd

2,795 SF Retail Building Sturgis, MI 49091 $1,051,111 ($376/SF) 5.85% Cap Rate

Retail Space Michigan Sturgis 406 S Centerville Rd, Sturgis, MI 49091

Investment Highlights

  • 20-Year Absolute Triple Net (NNN) Lease
  • Dense Retail Corridor
  • Attractive Rental Increases | The lease will feature 7.50% increases every five (5) years.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a KFC
located at 406 S Centerville Road, Sturgis, MI 49091. The site
consists of roughly 2,795 rentable square feet of building space
on an estimated 0.45-acre parcel of land. This KFC is subject to a
20-year Triple Net (NNN) lease, which commenced 10/1/2018.
The current annual rent is $61,490 and has scheduled increases
of 7.50% Every 5 Years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,795 SF
Building Class
B
Year Built
1994
Price
$1,051,111
Price Per SF
$376
Cap Rate
5.85%
NOI
$61,490
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.45 AC

Amenities

  • Drive Thru
1 of 1
406 S Centerville Rd, Sturgis, MI - aerial map view
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Kroger
Aldi
KeyBank
Buffalo Wild Wings
Rent-A-Center
Flagstar
Applebee's
Starbucks
Wings Etc
Meijer

PROPERTY TAXES

Parcel Number 052-540-001-00 Improvements Assessment $195,800
Land Assessment $18,800 Total Assessment $214,600

PROPERTY TAXES

Parcel Number
052-540-001-00
Land Assessment
$18,800
Improvements Assessment
$195,800
Total Assessment
$214,600
(332) 345-4222

Contacts

  • Listing ID: 33193899

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 406 S Centerville Rd, Sturgis, MI 49091

More public record information on 406 S Centerville Rd, Sturgis, MI 49091

The Retail Property at 406 S Centerville Rd, Sturgis, MI 49091 is currently available for sale. Contact NNN Pro Group for more information.

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406 S Centerville Rd, Sturgis, MI for sale Building Photo- Image 1 of 3
406 S Centerville Rd - Stugis, MI - Main
406 S Centerville Rd, Sturgis, MI for sale Aerial- Image 2 of 3
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KFC | 406 S Centerville Rd
(332) 345-4222 x

KFC | 406 S Centerville Rd

1/2

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony Bird

(917) 697-3215

(917) 697-3215

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