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32610390
32610389

1490 Wright Ave, Alma, MI 48801 For Sale

RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease
$780,771
70 days on market
Updated 51 days ago
Opportunity zone

KFC

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,043
Cap Rate 7.00%
NOI $54,654
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 01/31/2035
Price per SqFt $257
Class B
Year Built 1968
Acreage 0.730
Zoning B-2
Investment Type Net Lease
Lease Commencement 01/22/2015

Retail | 7.00% CAP | 3,043 SqFt

Marketing description

Fortis Net Lease is pleased to present the opportunity to acquire a freestanding KFC

located at 1490 Wright Ave in Alma. The subject property consists of a 3,043 square foot

building situated on a 0.73-acre parcel and is secured by a long-term 20-year NNN

lease. This structure offers investors a passive investment opportunity with minimal

landlord responsibilities, as the tenant is responsible for taxes, insurance, and

maintenance. With an annual net operating income of $54,654, the asset provides

steady and predictable cash flow backed by a globally recognized quick-service

restaurant brand.

Strategically positioned within a primary retail corridor, the property benefits from

strong visibility, accessibility, and proximity to surrounding residential neighborhoods

and commercial activity in Alma. KFC’s long-standing brand recognition and national

footprint enhance the stability and reliability of the investment. This offering presents

an attractive opportunity for investors seeking a stable, income-producing net lease

asset in a well-established and community-oriented market.

Investment highlights

  • NNN lease providing passive, management-free income
  • Annual CPI Rent Increases Capped at 1.5%
  • Freestanding 3,043 SF building on a 0.73-acre parcel
  • Strategically located along Wright Ave in Alma
  • Strong visibility and accessibility within a primary retail corridor
  • Bells & Birds Inc (35 Locations) Lease Guarantee
  • Ideal for investors seeking long-term stability and reliable income

Listing Contacts

RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,654.00
$4,554.50/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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