Kfc (800+ Unit Operator) – Hillsdale, Mi

Highlights:

• BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew
• OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states. Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1.1 billion in 2025 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations)
• BRAND NEW CONSTRUCTION: New, high quality, build-to-suit construction of KFC’s newest drive-thru/walk-up DT1600 Red prototype with interior dining and 8-car stack drive-thru - opened October 2025
• LARGE PARCEL | TRAFFIC COUNTS: Positioned on a large ±1.05-acre parcel, this property offers prime visibility and convenient access along W Carleton Rd, the area’s primary north-south corridor, with traffic counts of 14,247 CPD!
• 2025 DEMOGRAPHICS: Total Population (5MI): 15,127 | Average Household Income (1MI): $80,690

Description:

KFC has a Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew. The Tenant, Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states. Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1.1 billion in 2025 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations). A New, high quality, build-to-suit construction of KFC’s newest drive-thru/walk-up DT1600 Red prototype with interior dining and 8-car stack drive-thru - opened October 2025.

The Asset is Positioned on a large ±1.05-acre parcel, this property offers prime visibility and convenient access along W Carleton Rd, the area’s primary north-south corridor, with traffic counts of 14,247 CPD! Retailers in Hillsdale & nearby Jonesville include Walmart, Meijer, Kroger, Aldi, Market House, Dollar General, Dollar Tree, Family Farm & Home, Walgreens, Rent-A-Center, Verizon, Cricket, AT&T, AutoZone, O’Reilly Auto Parts, Goodwill, The Salvation Army Family Store; Dining options include Taco Bell, McDonald’s, Wendy’s, Burger King, Arby’s, Pizza Hut, Hungry Howie’s Pizza, Little Caesars, Subway, Blimpie, Cinnabon, and Auntie Anne’s Pretzels. KFC is 2 miles from Hillsdale College - a private, conservative, Christian liberal arts college offering various undergraduate & graduate programs, serving with 1,794 students; Less than 3 miles from Hillsdale Hospital - a 93-bed progressive rural healthcare facility located in south central Lower Michigan providing services such as acute & critical care, emergency room, radiology, physical therapy, women’s health, etc.

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