311 US Highway 31 S, Traverse City, MI 49685 For Sale

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 quickservice

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 longterm

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.