1490 Wright Ave Alma, MI 48801

Building Details

Year Built

1968

Listing agency r***@fortisnetlease.com Show Phone

Listed by Robert Bender · License #MI 6501323470

Source Fortisnetlease

Added: May 14 Updated: Jul 21 at 2:06PM Checked: Jul 21 at 2:06PM

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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 Robert Bender

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Investment Insights

Based on property information with market context.

Fortis Net Lease presents a freestanding KFC building at 1490 Wright Ave in Alma, MI. The property includes a 3,043-square-foot building on a 0.73-acre parcel and is secured by a long-term 20-year NNN lease. Under the NNN structure, the tenant is responsible for taxes, insurance, and maintenance, supporting a steadier ownership profile. The offering is supported by an annual net operating income of $54,654.

The property is located along Wright Ave in Alma within a primary retail corridor. The asset benefits from strong visibility and accessibility, with nearby residential and commercial demand drivers referenced in the materials provided.

Key Highlights

• Freestanding 3,043 SF KFC on a 0.73‑acre parcel at 1490 Wright Ave in Alma.
• Secured by a long‑term 20‑year NNN lease.
• Tenant is responsible for taxes, insurance, and maintenance.

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FAQs

What type of property is this?

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

Where is this nnn property located?

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

What is the lease rate?

The lease rate 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.; Secured by a long‑term 20‑year NNN lease.; Tenant is responsible for taxes, insurance, and maintenance.