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    406 S Centerville Rd Sturgis, MI 49091

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    For Sale
    $1,051,111

    NNN leased investment opportunity with attractive rental increases.

    Property size:
    2,795 SF
    Lot size:
    0.64 Acres

    Property Features for 406 S Centerville Rd

    General Information

    Size
    2,795 SF
    Lot size
    0.64 Acres

    Source: NNN Pro Group 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.
    Insight Report Location Intelligence

    Current Use by Public Records

    KFC Chicken Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sturgis
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.42833
    Latitude
    41.793703

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    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
    (332) 345-2408
    Request Owner's contact information
    406 S Centerville Rd Sturgis, MI 49091
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    Sturgis, MI 49091
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    406 S Centerville Rd Sturgis, MI 49091
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