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32610557
32610556

720 E Front St, Traverse City, MI 49686

RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease
$1,402,123
21 days on market
Updated 8 days ago

Taco Bell

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,194
Cap Rate 6.50%
NOI $91,138
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 04/30/2040
Price per SqFt $439
Year Built 1994
Acreage 0.610
Zoning C-2
Investment Type Net Lease
Lease Commencement 04/07/2020

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

Listing Contacts

RB
MI 6501323470
Fortis Net Lease
Listed by Fortis Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,138.00
$7,594.83/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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