Burger King

Houghton is a small city located in Michigan’s Upper Peninsula along the scenic Keweenaw Waterway, an arm of Lake Superior that effectively divides the Keweenaw Peninsula. Known for its rich mining history, particularly copper mining during the 19th and early 20th centuries, Houghton has evolved into a regional center for education, healthcare, and tourism. The city is home to Michigan Technological University, a major driver of the local economy and population stability, bringing in students, faculty, and research activity that significantly influence the area’s character and economic base. Its compact downtown features historic buildings, local shops, and waterfront views that reflect its blend of heritage and natural beauty. Today, Houghton is widely recognized for its outdoor recreation opportunities and four-season lifestyle. Residents and visitors enjoy activities such as boating, fishing, hiking, skiing, and snowmobiling, with heavy snowfall in winter making it a destination for winter sports enthusiasts. The city’s economy is supported by a mix of education, healthcare, tourism, and small businesses, creating a stable but modest commercial environment. Its remote location is balanced by strong community infrastructure and a high quality of life, making Houghton an attractive hub within the Upper Peninsula despite its small population.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.