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311 US Highway 31 S
Traverse City, MI 49685
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- 20-year triple net (NNN) lease offering passive, management-free income
- Annual NOI of $77,564 providing stable cash flow
- Strong visibility and access along US-31 in Traverse City, MI
- Leased to KFC, a nationally recognized quick-service restaurant brand
- Freestanding 3,179 SF building on a large 1.96-acre lot
- Long-term lease reduces vacancy and rollover risk
Résumé de l'annonce
Fortis Net Lease is pleased to present a long-term net lease investment opportunity featuring a freestanding KFC located at 311 US-31, Traverse City, Michigan. The property
is secured by a 20-year triple net (NNN) lease, providing investors with a passive income stream and minimal landlord responsibilities, as the tenant is responsible for
taxes, insurance, and maintenance. The building spans approximately 3,179 square feet and is situated on a generous 1.96-acre parcel, offering strong underlying real estate
value and potential future redevelopment flexibility. With a nationally recognized quick service restaurant tenant, this asset benefits from consistent consumer demand and
brand stability.
The property generates a current net operating income (NOI) of $77,564 annually, making it an attractive option for investors seeking stable, long-term cash flow.
Positioned along US-31, a primary commercial corridor in Traverse City, the site benefits from strong visibility and accessibility, enhancing customer traffic and tenant
performance. While rent escalations and renewal options are not specified, the long term lease structure provides security of income and reduces near-term rollover risk.
This investment is well-suited for buyers seeking a dependable, management-free asset
backed by an established national tenant.
is secured by a 20-year triple net (NNN) lease, providing investors with a passive income stream and minimal landlord responsibilities, as the tenant is responsible for
taxes, insurance, and maintenance. The building spans approximately 3,179 square feet and is situated on a generous 1.96-acre parcel, offering strong underlying real estate
value and potential future redevelopment flexibility. With a nationally recognized quick service restaurant tenant, this asset benefits from consistent consumer demand and
brand stability.
The property generates a current net operating income (NOI) of $77,564 annually, making it an attractive option for investors seeking stable, long-term cash flow.
Positioned along US-31, a primary commercial corridor in Traverse City, the site benefits from strong visibility and accessibility, enhancing customer traffic and tenant
performance. While rent escalations and renewal options are not specified, the long term lease structure provides security of income and reduces near-term rollover risk.
This investment is well-suited for buyers seeking a dependable, management-free asset
backed by an established national tenant.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Restauration rapide
Taille du bâtiment
3 179 pi²
Classe d’immeuble
B
Année de construction
2000
Prix
1 637 769 $ CAD
Prix par pi²
515,18 $ CAD
Taux de capitalisation
6,50%
Revenu net d’exploitation
106 455 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,04
Taille du lot
1,96 AC
Zonage
C - Commercial
Façade
194’ sur U.S. 31
Commodités
- Service au volant
Impôts fonciers
| Numéro de lot | 05-032-021-00 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 500 269 $ CAD |
Impôts fonciers
Numéro de lot
05-032-021-00
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
500 269 $ CAD
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