

Taco Bell
Retail | 6.50% CAP | 3,194 SqFt
Marketing description
Fortis Net Lease is pleased to present a premier quick-service restaurant investment
opportunity located at 720 E Front St in Traverse City, featuring a newly structured 20-
year absolute NNN lease with Taco Bell. This ±3,194 SF freestanding building sits on a
0.61-acre parcel in a high-traffic commercial corridor, benefiting from strong visibility,
excellent access, and consistent consumer demand driven by both local residents and
seasonal tourism. The asset is offered with a projected NOI of $91,138, providing
investors with stable, passive income backed by a nationally recognized QSR brand. The
property’s long-term lease structure and passive NNN terms create a highly attractive,
bond-like investment profile with minimal landlord responsibilities. Positioned in one of
Northern Michigan’s most dynamic and growing retail markets, this location benefits
from strong daytime population, tourism-driven traffic, and established retail synergy
along Front Street. The combination of a corporate-backed tenant, long lease term, and
prime infill location makes this offering a compelling opportunity for investors seeking
durable cash flow and long-term income security.
Investment highlights
- Absolute NNN lease
- Prime retail location on E Front St in Traverse City, a strong tourism and regional trade hub
- Black River Bells (Tenant & Guarantor) operates around 70 stores; their parent, Sundance Inc, was added as an additional lease guarantor. Sundance is one of the largest Taco Bell franchisees. They have been in business for 29 years and operate another 142 franchises.
- Strong demand driver from both year-round residents and seasonal tourist traffic
- Located in a proven retail corridor with established national and regional tenants
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