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32609734
32609733

997 W Sharon Ave, Houghton, MI 49931 For Sale

RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease
$1,761,357
68 days on market
Updated 68 days ago

Burger King

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,359
Cap Rate 6.73%
NOI $118,485
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 07/26/2037
Price per SqFt $524
Acreage 0.770
Zoning B-3
Investment Type Net Lease
Lease Commencement 08/01/2018
Ground Lease No

Retail | 6.73% CAP | 3,359 SqFt

Marketing description

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 $118,485, 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.

Investment highlights

  • Long-term NNN lease providing passive, management-free income
  • Corporate-backed Burger King tenant with strong national credit profile
  • Annual NOI of $118,485 delivering stable and predictable cash flow
  • Freestanding 3,359 SF building on a 0.77-acre parcel
  • Prime retail location along W Sharon Ave in Houghton
  • Strong visibility and accessibility within the primary commercial corridor
  • Supported by nearby residential density and regional activity drivers
  • Attractive Upper Peninsula net lease investment opportunity with long-term stability

Listing Contacts

RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$118,485.00
$9,873.75/mo

Valuation Metrics

0
DSCR
6.73%
Cap Rate
6.73%
ROI

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