311 US Highway 31 S - Fast Food FOR SALE


Traverse City, MI 49685
$1,193,292 USD
248-254-3406
311 US Highway 31 S, Traverse City, MI for Sale
$1,193,292 USD
Fast Food - FOR SALE
1/10
null | 6.5% Cap Rate

311 US Highway 31 S
Traverse City, MI 49685


HIGHLIGHTS

  • 20-year triple net (NNN) lease offering passive, management-free income
  • Leased to KFC, a nationally recognized quick-service restaurant brand
  • Annual NOI of $77,564 providing stable cash flow
  • Freestanding 3,179 SF building on a large 1.96-acre lot
  • Strong visibility and access along US-31 in Traverse City, MI
  • Long-term lease reduces vacancy and rollover risk

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,193,292 USD

PRICE/SF

$375 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,421 SF

ZONING

C

APN/PARCEL ID

05-032-021-00

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.