KFC

Traverse City, Michigan, is a vibrant community located in the northwestern part of Michigan’s Lower Peninsula, along the shores of Grand Traverse Bay. Known as the “Cherry Capital of the World,” the city is famous for its annual National Cherry Festival and its significant role in cherry production. Traverse City also serves as a gateway to the scenic Sleeping Bear Dunes National Lakeshore, offering stunning natural landscapes and outdoor recreation opportunities. Its picturesque setting and small-town charm make it a popular destination for visitors year-round. In addition to its natural beauty, Traverse City has a thriving arts, culture, and food scene. The city is home to numerous wineries, breweries, and farm-to-table restaurants, showcasing the region’s agricultural richness. A lively downtown features boutique shops, galleries, and theaters, while events like the Traverse City Film Festival draw national attention. Combined with a strong local economy and a welcoming atmosphere, Traverse City offers both residents and visitors an appealing mix of culture, nature, and community.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 quick-service 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 long-term 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.