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997 W Sharon Ave 3 359 pi² Commerce de détail Immeuble Houghton, MI 49931 2 417 427 $ CAD (719,69 $ CAD/pi²) 7% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Restauration rapide
Taille du bâtiment
3 359 pi²
Classe d’immeuble
C
Année de construction
2018
Prix
2 417 427 $ CAD
Prix par pi²
719,69 $ CAD
Taux de capitalisation
7%
Revenu net d’exploitation
169 220 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,10
Taille du lot
0,78 AC
Zonage
B-3
Stationnement
40 places (10 places par 1 000 pi² loué)
Façade
295’ sur W Sharon Ave
Commodités
- Climatisation
Assez practicable à pied
50/100
Exceptionnellement facile d'accès en voiture
100/100
Plutôt praticable en vélo
40/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 052-056-018-00 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 581 923 $ CAD |
Impôts fonciers
Numéro de lot
052-056-018-00
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
581 923 $ CAD
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997 W Sharon Ave
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