Log In/Sign Up
Your email has been sent.
997 W Sharon Ave 3,359 SF Retail Building Houghton, MI 49931 $2,417,427 CAD ($719.69 CAD/SF) 7% Cap Rate
Investment Highlights
- Corporate-backed Burger King tenant with strong national credit profile
- Supported by nearby residential density and regional activity drivers
- Prime retail location along W Sharon Ave in Houghton
Executive Summary
Fortis Net Lease is pleased to present the opportunity to acquire a freestanding Burger
King located at 997 W Sharon Ave in Houghton. The subject property consists of a 3,359
square foot building situated on a 0.77-acre parcel and is secured by a long-term 19-
year NNN lease. This structure provides investors with a passive income stream, as the
tenant is responsible for taxes, insurance, and maintenance. With an annual net
operating income of $123,295, the asset delivers stable cash flow backed by a globally
recognized quick-service restaurant operator.
Strategically located along a key retail corridor, the property benefits from strong
visibility and convenient access within the primary commercial area of Houghton. The
surrounding trade area is supported by local residential neighborhoods, nearby
educational institutions, and consistent traffic generated by regional activity. The
presence of Burger King further enhances the long-term durability of the investment,
making this offering an attractive opportunity for investors seeking stability, passive
income, and a well-positioned net lease asset in an established Upper Peninsula market.
King located at 997 W Sharon Ave in Houghton. The subject property consists of a 3,359
square foot building situated on a 0.77-acre parcel and is secured by a long-term 19-
year NNN lease. This structure provides investors with a passive income stream, as the
tenant is responsible for taxes, insurance, and maintenance. With an annual net
operating income of $123,295, the asset delivers stable cash flow backed by a globally
recognized quick-service restaurant operator.
Strategically located along a key retail corridor, the property benefits from strong
visibility and convenient access within the primary commercial area of Houghton. The
surrounding trade area is supported by local residential neighborhoods, nearby
educational institutions, and consistent traffic generated by regional activity. The
presence of Burger King further enhances the long-term durability of the investment,
making this offering an attractive opportunity for investors seeking stability, passive
income, and a well-positioned net lease asset in an established Upper Peninsula market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,359 SF
Building Class
C
Year Built
2018
Price
$2,417,427 CAD
Price Per SF
$719.69 CAD
Cap Rate
7%
NOI
$169,220 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.78 AC
Zoning
B-3
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
295’ on W Sharon Ave
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 052-056-018-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $581,923 CAD |
Property Taxes
Parcel Number
052-056-018-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$581,923 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
997 W Sharon Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.