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720 E Front St
Traverse City, MI 49686
Retail Property For Sale
Investment Highlights
- Long-term 20-year absolute NNN lease with Taco Bell providing stable, passive income
- Freestanding ±3,194 SF QSR building on a 0.61-acre parcel with excellent visibility and access
- True triple-net structure with minimal landlord responsibilities
- Prime retail location on E Front St in Traverse City, a strong tourism and regional trade hub
- Attractive projected NOI of $91,138 supporting strong cash flow fundamentals
- Strong demand driver from both year-round residents and seasonal tourist traffic
Executive Summary
Fortis Net Lease is pleased to present a premier quick-service restaurant investment opportunity located at 720 E Front St in Traverse City, featuring a newly structured 20-
year absolute NNN lease with Taco Bell. This ±3,194 SF freestanding building sits on a 0.61-acre parcel in a high-traffic commercial corridor, benefiting from strong visibility,
excellent access, and consistent consumer demand driven by both local residents and seasonal tourism. The asset is offered with a projected NOI of $91,138, providing investors with stable, passive income backed by a nationally recognized QSR brand.
The property’s long-term lease structure and passive NNN terms create a highly attractive, bond-like investment profile with minimal landlord responsibilities. Positioned in one of Northern Michigan’s most dynamic and growing retail markets, this location benefits from strong daytime population, tourism-driven traffic, and established retail synergy along Front Street. The combination of a corporate-backed tenant, long lease term, and prime infill location makes this offering a compelling opportunity for investors seeking durable cash flow and long-term income security.
year absolute NNN lease with Taco Bell. This ±3,194 SF freestanding building sits on a 0.61-acre parcel in a high-traffic commercial corridor, benefiting from strong visibility,
excellent access, and consistent consumer demand driven by both local residents and seasonal tourism. The asset is offered with a projected NOI of $91,138, providing investors with stable, passive income backed by a nationally recognized QSR brand.
The property’s long-term lease structure and passive NNN terms create a highly attractive, bond-like investment profile with minimal landlord responsibilities. Positioned in one of Northern Michigan’s most dynamic and growing retail markets, this location benefits from strong daytime population, tourism-driven traffic, and established retail synergy along Front Street. The combination of a corporate-backed tenant, long lease term, and prime infill location makes this offering a compelling opportunity for investors seeking durable cash flow and long-term income security.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,194 SF
Building Class
C
Year Built
1994
Price
$1,924,386 CAD
Price Per SF
$602.50 CAD
Cap Rate
6.50%
NOI
$125,085 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.61 AC
Zoning
C-2 - Commercial
Frontage
160’ on Front St
Property Taxes
| Parcel Number | 51-642-025-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,258,015 CAD |
Property Taxes
Parcel Number
51-642-025-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,258,015 CAD
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