311 US Highway 31 S 3 179 pi² Commerce de détail Immeuble Traverse City, MI 49685 1 695 262 $ CAD (533,27 $ CAD/pi²) 6,50% Taux de capitalisation

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.