4790 Dixie Hwy Waterford, MI 48329-3525
Property profile & analytics
4790 Dixie Hwy Waterford, MI 48329-3525
- Drive through restaurants
- 3,434 SF
- 0.72 lot acres
Property ID
US43-1018383
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 4790 Dixie Hwy
- Year built
- 2002
- Lot size
- 0.72 lot acres
- Property size
- 3,434 SF
- Zone code
- BI
- Property type
- Drive through restaurants
- APN
- W -13-10-126-001
- APU
- W1310126001
Description
This exceptional investment opportunity presents a fee-simple, single-tenant KFC property located at 4790 Dixie Hwy, Waterford Township, MI 48329. The 3,125 square foot building, constructed in 1979 and substantially renovated in 2016, sits on a 1-story structure and boasts a 100% occupancy rate. Leased to KBP Foods, the second largest KFC franchisee in the nation with over 840 locations, this property offers a strong, stable income stream. The current absolute triple-net (NNN) lease, with zero landlord responsibilities, has approximately 9.2 years remaining, followed by four 5-year options to renew. Rent increases are fixed at 8% every five years, ensuring consistent growth in your return. The property generates a NOI of $91,329, resulting in a 6.00% cap rate and a price per square foot of $488. The asking price is $1,525,000. This investment is further strengthened by the property's location within a thriving demographic area, featuring over 6,500 people within a 1-mile radius and an average household income exceeding $104,000. The lease commenced on January 16, 2014, and is set to expire on January 31, 2034. This is a rare opportunity to acquire a well-established, high-performing KFC property with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.384
- Latitude
- 42.6893
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,466
$0.00
$0.00
$298,610
-
$0.00
$0.00
$597,220
