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KFC/LJS 310 Perry Ave 2,608 SF Retail Building Big Rapids, MI 49307 $1,932,588 ($741.02/SF) 6% Cap Rate




INVESTMENT HIGHLIGHTS
- 13-years of term remaining
- Dense retail corridor, nearby Ferris Street Univerity (14,647 students)
- Absolute NNN lease sith zero landlord responsibilities
EXECUTIVE SUMMARY
Pinnacle Real Estate Advisors is pleased to present investors with the opportunity to acquire a drive-thru equipped, dual concept KFC and Long Jon Silver’s property located at 310 Perry Avenue in Big Rapids, Michigan. There is 13 years of term remaining on an absolute net lease, offering a landlord zero responsibilities. The tenant recently completed renovations to meet the most recent brand standard, demonstrating their commitment to this location. The tenant is a professional, 65-unit franchisee that operates under the brands Taco Bell, KFC, Long John Silver’s and Blaze Pizza. The subject site is located along Perry Avenue (15,509 VPD) in a dense retail corridor with excellent visibility and significant highway frontage. This opportunity is just two blocks from S State Street (18,268 VPD) and Ferris State University having an enrollment of 14,167 students.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,608 SF
Building Class
C
Year Built/Renovated
1991/2019
Price
$1,932,588
Price Per SF
$741.02
Cap Rate
6%
NOI
$115,955
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.70 AC
Opportunity Zone
Yes
Parking
32 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 5417-015-434-006 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $411,400 |
PROPERTY TAXES
Parcel Number
5417-015-434-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$411,400
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KFC/LJS | 310 Perry Ave
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