• Broker Peter Peluso 3033763672

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

View Photo

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.

ATTACHMENTS

310_Perry_Avenue_OM_Peluso

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
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
32 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
  • 262’ on Perry Ave
  • 164’ on Division St
262’ on Perry Ave

AMENITIES

  • Drive Thru

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Perry Avenue Division St 17,722 2025 0.02 mi
M-20(PERRY) Division St 17,781 2024 0.02 mi
Perry Avenue Clark St, E 22,281 2025 0.07 mi
Perry Ave Clark St, E 22,456 2023 0.08 mi
BUS US 131;M 20 Clark St, W 14,691 2024 0.13 mi
South State Street Morrison Ave, N 19,519 2025 0.19 mi
S State St Morrison Ave, N 19,548 2023 0.19 mi
OLD 131(STATE) Perry Ave, N 15,416 2020 0.21 mi
US-131BR M-20 STATE Cedar St, N 18,202 2024 0.23 mi
South State Street Cedar St, N 16,677 2025 0.23 mi

NEARBY MAJOR RETAILERS

BIGGBY Coffee
Independent Bank
Starbucks
Applebee's
Huntington National Bank
Fifth Third Bank
Bob Evans Restaurants
CrossFit
Horizon Bank
Planet Fitness

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

MAP

ADDITIONAL PHOTOS

View Photo KFC IMG_8895
View Photo KFC IMG_8899
  • Listing ID: 35162971

  • Date on Market: 3/17/2025

  • Last Updated: 3/27/2025

  • Address: 310 Perry Ave, Big Rapids, MI 49307