Building Details

Building Size 3,043 SF

Tenancy Single

Listing Agency: Fortis Net Lease

Listed By: Robert Bender · License #6501323470 Show Phone

Source: Cpix.resimplifi

Added: May 15 Changed: Oct 11 Last Checked: Oct 23 at 3:35AM

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Investment Insights

Based on property information with market context.

Fortis Net Lease presents the opportunity to acquire a freestanding KFC located at 1490 Wright Ave in Alma, Michigan. The property includes a 3,043-square-foot building on a 0.73-acre parcel, positioned within a primary retail corridor in the community.

The asset is secured by a long-term 20-year NNN lease. Under the NNN structure, the tenant is responsible for taxes, insurance, and maintenance, creating a passive investment profile with minimal landlord responsibilities. The offering is projected to generate annual net operating income of $54,654.

KFC is a globally recognized quick-service restaurant brand, supported by long-standing brand recognition intended to provide stability for income-focused investors.

Key Highlights

• Freestanding 3,043 SF KFC on a 0.73‑acre parcel at 1490 Wright Ave in Alma, MI
• Secured by a long‑term 20‑year NNN lease with tenant responsibility for taxes, insurance, and maintenance
• Annual net operating income of $54,654

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

KFC Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Building Supply Law Firm HVAC Service

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

649

Businesses Nearby

201k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 44% Groceries 27% Shops & Services 17% Home Improvements & Furnishings 10%

Meijer Groceries

53,531 visits/mo 0.5 miles

McDonald's Dining

23,307 visits/mo 0.2 miles

Tractor Supply Co. Home Improvements & Furnishings

15,583 visits/mo 0.3 miles

Taco Bell Dining

15,093 visits/mo 0.4 miles

Burger King Dining

13,950 visits/mo 0.3 miles

Demographics for 48801, MI

13,006

Population

5,408

Households

2.4

Avg Household Size

34

Median Age

28%

College-Educated

95%

High-School Grad

70.8 sq mi

ZIP Area

184

Density / Sq Mi

$57,449

Median Household Income

$30,146

Median Earnings

$795

Median Rent

$120,300

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Freestanding KFC secured by a long-term 20-year NNN lease with tenant responsibility for taxes, insurance, and maintenance.

Where is this conventional restaurant located?

The property is located at 1490 Wright Ave Alma, MI.

What is the asking price?

The asking price for this property is $780,771.

What are key features of this property?

This property features: Freestanding 3,043 SF KFC on a 0.73‑acre parcel at 1490 Wright Ave in Alma, MI; Secured by a long‑term 20‑year NNN lease with tenant responsibility for taxes, insurance, and maintenance; Annual net operating income of $54,654