406 S Centerville Rd Sturgis, MI 49091
NNN leased investment opportunity with attractive rental increases.
Property size:
2,795 SFLot size:
0.64 AcresProperty Features for 406 S Centerville Rd
General Information
- Size
- 2,795 SF
- Lot size
- 0.64 Acres
Source:
Moodyscre
Listing Agent: Glen Kunofsky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Sturgis, MI NNN Investment Opportunity
This property is subject to an existing absolute triple-net lease with over 14 years remaining. The lease has no landlord responsibilities and features 7.50% increases every five years. The property is located in a dense retail corridor near McDonald's, Arby's, Pizza Hut, Popeyes, Rite Aid, Dairy Queen, Tractor Supply Co, Ace Hardware, Dunham's Sports, and H&R Block. The lease is subject to a strong franchisee guarantee from KBP Foods, which operates over 800 locations in 28 states and is the largest KFC franchisee in the US, operating more than 20% of KFC outlets. The property size is 2795 square feet and is located at 406 S Centerville Rd, Sturgis, MI.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
KFC
Chicken Restaurant
Location Insight
- Map
- Local Demand
- City
- Sturgis
- County
- St. Joseph
- State
- Michigan
- Longitude
- -85.42833
- Latitude
- 41.793703
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - NNN leased investment opportunity with attractive rental increases.
Where is this drive through restaurant located?
The property is located at 406 S Centerville Rd Sturgis, MI.
What is the asking price?
The asking price for this property is $1,051,111.
What are key features of this property?
This property features: - 20-Year Absolute Triple Net (NNN) Lease with over 14 Years Remaining, offering a truly hands-off investment; - Strong Franchisee Guarantee from KBP Foods, the Largest KFC Franchisee in the US (over 800 locations); - Attractive Rental Increases of 7.50% Every Five (5) Years