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1317 N Eaton St, Albion, MI, 49224

KFC
$1,170,348

Key Information

Cap Rate
5.75%
$ per SF
$401
Tot. SF
2,914
Year Built
1998/2018 (R)
Term Remaining
±13 YRS
Type
Retail
NOI
$67,295

Highlights

  • The property is leased and operated by KBP Brands, one of the largest and most experienced quick-service restaurant (QSR) franchise operators in the United States. With a portfolio exceeding 1,100+ units across multiple states, KBP brings a strong track record of operational excellence and financial reliability, significantly reducing tenant credit risk.
  • The lease is structured as an absolute triple-net (NNN) agreement, under which the tenant bears full responsibility for all property-related expenses, including real estate taxes, insurance, and maintenance. This arrangement provides investors with a true hands-off ownership experience and a predictable, passive income stream.
  • Approximately ±13 years remaining on the initial lease term, offering investors secure and consistent cash flow over the long term. There is a 7.5% rental increase in 3 years.
  • The asset benefits from a high-visibility location along N Eaton Street, a primary commercial thoroughfare in Albion. The site offers excellent frontage, convenient ingress/egress, and sustained vehicular traffic, supporting strong tenant performance and long-term viability.
  • The property is strategically positioned just off I-94, which sees over 36,000 vehicles per day, and benefits from strong retail synergy with nearby national tenants including Tractor Supply, Dollar General, O’Reilly Auto Parts, and Ace Hardware.
  • The Albion market is characterized by stable population trends, a younger median age driven by the college population, and affordable cost of living. These factors contribute to sustained demand for retail and QSR services, supporting long-term investment performance.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203