Restaurant

KFC

1445 W Bristol Rd, Flint, MI 48507

Listing Price: $1,550,000

Cap Rate
5.51%
Tenant Name
Net-Leased Restaurant
Years Remaining On Lease
12.90
Guarantor
No Guarantee
Rentable SF
2,472
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.57

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 1445 West Bristol Road in Flint, MI. This particular KFC is a seasoned location with a longstanding and successful operational history. Additionally, KBP Foods, the largest KFC franchisee in the United States with 770+ units across 25 states, invested several hundred thousand dollars into the property when they completed an extensive remodel in 2017 to KFC’s new “American Showman” prototype. The substantial financial commitment made by the Tenant underpins their commitment and belief in the location as well as improves the underlying value of the property. The property consists of 2,472 square feet of building space and is situated on approximately 2.01 acres of land. The property is subject to a 20-year triple-net (NNN) lease with approximately 13 years remaining. The annual rent is currently $85,463 and will be subject to 8.00% rental increases every five years. The rental increases will continue through the four, five-year tenant renewal options. The tenant on the lease is FQSR, LLC which does business as KBP Foods.

Investment Highlights

  • Remodeled in 2017 to Newest Model
  • 20-Year Triple Net (NNN) Lease with ~13 Years Remaining
  • Tenant on the Lease is FQSR, LLC (dba KBP Foods "KBP") | KBP Operates More Than 770 Restaurants in 25 States

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Anthony Bird

    Licensed Real Estate Salesperson

    Email Anthony

    License(s): NY: 10401307339

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    License(s): MI: 6502387903

    Michigan

Listing Price: $1,550,000

Cap Rate
5.51%
Tenant Name
Net-Leased Restaurant
Years Remaining On Lease
12.90
Guarantor
No Guarantee
Rentable SF
2,472
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.57

Investment Highlights

  • Remodeled in 2017 to Newest Model
  • 20-Year Triple Net (NNN) Lease with ~13 Years Remaining
  • Tenant on the Lease is FQSR, LLC (dba KBP Foods "KBP") | KBP Operates More Than 770 Restaurants in 25 States

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 1445 West Bristol Road in Flint, MI. This particular KFC is a seasoned location with a longstanding and successful operational history. Additionally, KBP Foods, the largest KFC franchisee in the United States with 770+ units across 25 states, invested several hundred thousand dollars into the property when they completed an extensive remodel in 2017 to KFC’s new “American Showman” prototype. The substantial financial commitment made by the Tenant underpins their commitment and belief in the location as well as improves the underlying value of the property. The property consists of 2,472 square feet of building space and is situated on approximately 2.01 acres of land. The property is subject to a 20-year triple-net (NNN) lease with approximately 13 years remaining. The annual rent is currently $85,463 and will be subject to 8.00% rental increases every five years. The rental increases will continue through the four, five-year tenant renewal options. The tenant on the lease is FQSR, LLC which does business as KBP Foods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Anthony Bird

    Licensed Real Estate Salesperson

    Email Anthony

    License(s): NY: 10401307339

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    License(s): MI: 6502387903

    Michigan

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