997 W Sharon Ave - Fast Food FOR SALE


Houghton, MI 49931
$1,761,357 USD
248-254-3406
997 W Sharon Ave, Houghton, MI for Sale
$1,761,357 USD
Fast Food - FOR SALE
1/5
null | 7% Cap Rate

997 W Sharon Ave
Houghton, MI 49931


HIGHLIGHTS

  • Corporate-backed Burger King tenant with strong national credit profile
  • Prime retail location along W Sharon Ave in Houghton
  • Supported by nearby residential density and regional activity drivers

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,761,357 USD

PRICE/SF

$524 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,942 SF

ZONING

B-3

APN/PARCEL ID

052-056-018-00

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.