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1490 Wright Ave
Alma, MI 48801
Retail Property For Sale
Investment Highlights
- Long-term 20-year NNN lease providing passive, management-free income
- Annual NOI of $54,654 offering consistent and predictable cash flow
- Strategically located along Wright Ave in Alma
- Nationally recognized KFC tenant with strong brand presence
- Freestanding 3,043 SF building on a 0.73-acre parcel
- Strong visibility and accessibility within a primary retail corridor
Executive Summary
Fortis Net Lease is pleased to present the opportunity to acquire a freestanding KFC located at 1490 Wright Ave in Alma. The subject property consists of a 3,043 square foot building situated on a 0.73-acre parcel and is secured by a long-term 20-year NNN lease. This structure offers investors a passive investment opportunity with minimal
landlord responsibilities, as the tenant is responsible for taxes, insurance, and maintenance. With an annual net operating income of $54,654, the asset provides
steady and predictable cash flow backed by a globally recognized quick-service restaurant brand.
Strategically positioned within a primary retail corridor, the property benefits from strong visibility, accessibility, and proximity to surrounding residential neighborhoods
and commercial activity in Alma. KFC’s long-standing brand recognition and national footprint enhance the stability and reliability of the investment. This offering presents an attractive opportunity for investors seeking a stable, income-producing net lease asset in a well-established and community-oriented market.
landlord responsibilities, as the tenant is responsible for taxes, insurance, and maintenance. With an annual net operating income of $54,654, the asset provides
steady and predictable cash flow backed by a globally recognized quick-service restaurant brand.
Strategically positioned within a primary retail corridor, the property benefits from strong visibility, accessibility, and proximity to surrounding residential neighborhoods
and commercial activity in Alma. KFC’s long-standing brand recognition and national footprint enhance the stability and reliability of the investment. This offering presents an attractive opportunity for investors seeking a stable, income-producing net lease asset in a well-established and community-oriented market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,043 SF
Building Class
C
Year Built
1968
Price
$1,071,593 CAD
Price Per SF
$352.15 CAD
Cap Rate
7%
NOI
$75,012 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
B-2 - Business
Frontage
197’ on Wright Avenue
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 51-341-010-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $307,298 CAD |
Property Taxes
Parcel Number
51-341-010-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$307,298 CAD
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