KFC Drive-Thru NNN
2865 I 75 Business Spur Sault Sainte Marie, MI 49783
2865 I 75 Business Spur, Sault Sainte Marie, MI, 49783
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For Sale
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Absolute NNN leased KFC drive-thru with fee simple ownership and 10 years remaining on the current term.
Property Size3,106 SF
Price / SF$695.43
Days on Market87
Property Features for 2865 I 75 Business Spur
General Information
- Standard status
- Active
- Size
- 3,106 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2020
Listing agency
SRS Louisville
Listed by
Sarah Shanks · License #271256
Source
Crexi
Added: Apr 27 Updated: Jul 20 at 8:04PM Checked: Jul 20 at 8:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Louisville
Investment Insights
Based on property information with market context.
SRS National Net Lease Group and Cushman Wakefield present an absolute NNN leased KFC investment offering fee simple ownership (land and building). The property is leased to Bells and Birds, Inc. doing business as KFC, with 10 years remaining on the initial lease term and four (5-year) options to extend. The lease includes 8% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities.
The KFC is located along Interstate 75 Business Spur in Sault Ste. Marie, Michigan. The corridor is described as the main retail thoroughfare of the trade area, with 15,800 vehicles passing by daily, and it is home to other national/credit tenants including Walmart, Meijer, Tractor Supply Co, TJ Maxx, and Hobby Lobby. The property is equipped with a drive-thru and is positioned less than 1 mile from Interstate-75.
Lake Superior State University is also less than 1 mile away, serving over 2,500 students each semester. The 5-mile trade area is supported by over 16,000 residents and 11,000 employees, with an average household income of $70,819.
The KFC is located along Interstate 75 Business Spur in Sault Ste. Marie, Michigan. The corridor is described as the main retail thoroughfare of the trade area, with 15,800 vehicles passing by daily, and it is home to other national/credit tenants including Walmart, Meijer, Tractor Supply Co, TJ Maxx, and Hobby Lobby. The property is equipped with a drive-thru and is positioned less than 1 mile from Interstate-75.
Lake Superior State University is also less than 1 mile away, serving over 2,500 students each semester. The 5-mile trade area is supported by over 16,000 residents and 11,000 employees, with an average household income of $70,819.
Key Highlights
- Absolute NNN leased KFC with fee simple land & building ownership
- Tenant Bells and Birds, Inc. (KFC) has 10 years remaining on the initial lease term plus 4 (5‑year) extension options
- 8% rental increases every 5 years throughout the initial term and at the start of each option period
Property Analytics
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute NNN leased KFC drive-thru with fee simple ownership and 10 years remaining on the current term.
Where is this nnn property located?
The property is located at 2865 I 75 Business Spur Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $2,160,000.
What are key features of this property?
This property features: Absolute NNN leased KFC with fee simple land & building ownership; Tenant Bells and Birds, Inc. (KFC) has 10 years remaining on the initial lease term plus 4 (5‑year) extension options; 8% rental increases every 5 years throughout the initial term and at the start of each option period
