KFC
Closed10120 W Warren Ave, Dearborn, MI 48126
Property type
Retail
Unit / Space count
1
Price
$1,136,178
Building size
1,739 sf
Rentable area
1,739 SF
Year built
1995
Year renovated
Occupancy
Zoning code
Lot size
0.37 Acres
Sold/status
Sold · Date unknown
Sale price
$1136178
CAP
6.15%
Property description
Franklin Street as sourced the buyer for this property which is located along W Warren Avenue, one of the busiest commercial streets in Dearborn. Situated near the hard corner of W Warren Ave and Wyoming Ave, a highly trafficked corner of more than 35,000 vehicles per day. Located within 1 mile from several of the region’s large employers, including Delaco Steel, Kenwal, Garden Foods, Dearborn Steel, and Detroit Water & Sewerage. The property operated under an absolute NNN lease with no landlord responsibilities. There are 15.7 years remaining on the lease.
Property highlights
- 850 restaurants, annual sales to generate $1 Billion; Largest KFC Franchisee in the United States
- Remodeled to KFC’s signature “American Showman” prototype
- Absolute NNN Lease
- Property sits on a busy commercial and retail strip; Nearby tenants include Tim Horton’s, BP, Chase Bank, CVS Pharmacy, Dollar General, and many local restaurants
- Located within 1 mile from several of region’s large employers
- Population of 350,445 in a 5-mile radius of the property