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720 E Front St
Traverse City, MI 49686
Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Restauration rapide
Taille du bâtiment
3 194 pi²
Classe d’immeuble
C
Année de construction
1994
Prix
1 924 386 $ CAD
Prix par pi²
602,50 $ CAD
Taux de capitalisation
6,50%
Revenu net d’exploitation
125 085 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,12
Taille du lot
0,61 AC
Zonage
C-2 - Commercial
Façade
160’ sur Front St
Impôts fonciers
| Numéro de lot | 51-642-025-01 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 1 258 015 $ CAD |
Impôts fonciers
Numéro de lot
51-642-025-01
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
1 258 015 $ CAD
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