KFC Drive-Thru NNN
For Sale
Contact for pricing
2865 I 75 Business Spur, Sault Sainte Marie, MI 49783
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 Market133
Property Features for 2865 I 75 Business Spur
General Information
Standard status
Active
Size
3,106 SF
Total Parking Spaces
21
Property subtype
Retail
Zoning
B-3: General Business
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$145,800
Site & Location
Traffic Count
15,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
SRS Louisville
Listed By:
Sarah Shanks · License #271256
Source:
Crexi
Added: Apr 27
Changed: Sep 4
Last Checked: Sep 3 at 11:57AM
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
Property Profile
Current Use
Lease Details
15,800 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
93k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 16%
Groceries 8%
Apparel 6%
McDonald's
Dining
22,547 visits/mo
0.1 miles
Taco Bell
Dining
11,943 visits/mo
0.1 miles
Circle K
Shops & Services
8,660 visits/mo
0.4 miles
Little Caesars Pizza
Dining
8,485 visits/mo
0.4 miles
Gordon Food Service
Groceries
7,820 visits/mo
0.3 miles
Demographics for 49783, MI
18,690
Population
9,388
Households
2
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
148.7 sq mi
ZIP Area
126
Density / Sq Mi
$59,847
Median Household Income
$31,334
Median Earnings
$782
Median Rent
$146,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
