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Pizza Hut NNN Leasehold
For Sale
Contact for pricing
Pending

3050 N US Highway 31 S, Traverse City, MI 49684

For sale Pizza Hut property offered with an absolute net long-term lease and zero landlord responsibilities.

Property SizeContact for details
Days on Market118

Property Features for 3050 N US Highway 31 S

General Information

Standard status Pending
Property subtype Retail

Additional Details

Cap Rate 6%

Building Details

Tenancy Single
Listing Agency: Marcus & Millichap - Miami
Listed By: Roee Ben-Moshe · License #BK3248800
Source: Crexi
Added: Apr 10 Changed: Jul 22 Last Checked: Aug 4 at 1:38PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Miami

Investment Insights

Based on property information with market context.

This offering is a Pizza Hut property presented for sale with an absolute net long-term lease structure and zero landlord responsibilities. The deal is described as pairing the property with the long-term tenant obligations consistent with an NNN model.

The property is located at 3050 N US Highway 31 S in Traverse City, Michigan.

Additional building or site specifics were not provided in the available materials, but the lease and landlord-responsibility terms are the primary included underwriting details for this listing.

Key Highlights

  • Pizza Hut property for sale with an absolute net long‑term lease
  • Lease structure provides zero landlord responsibilities

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Kitchen & Bath Showroom Storage Facility Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

531
Businesses Nearby
605k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Apparel 30% Shops & Services 18% Dining 18% Superstores 17%
Target Superstores
104,507 visits/mo 0.4 miles
Kohl's Apparel
47,131 visits/mo 0.4 miles
T.J. Maxx Apparel
39,140 visits/mo 0.4 miles
Chick-fil-A Dining
38,043 visits/mo 0.2 miles
AMC CLASSIC Cherry Blossom 14 Leisure
36,523 visits/mo 0.4 miles

Demographics for 49684, MI

22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - For sale Pizza Hut property offered with an absolute net long-term lease and zero landlord responsibilities.
Where is this conventional restaurant located?
The property is located at 3050 N US Highway 31 S Traverse City, MI.
What are key features of this property?
This property features: Pizza Hut property for sale with an absolute net long‑term lease; Lease structure provides zero landlord responsibilities
More about this property
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