Triple Net Restaurant
For Sale
Contact for pricing
1544 US-31, Traverse City, MI 49686
Three-unit restaurant portfolio offered on a master lease structure with NNN responsibilities and 7+ years remaining.
Property SizeContact for details
Days on Market121
Property Features for 1544 US-31
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Brisky Net Lease
(612) 413-4200
Listed By:
Brian Brisky · License #MN 40546562
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 23 at 10:37AM
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 Brisky Net Lease
Investment Insights
Based on property information with market context.
This three-unit restaurant portfolio is offered as a NNN investment with zero landlord responsibilities and is under a master lease structure. The offering includes 7+ years of remaining term, with annual rent bumps described as included to help hedge inflation.
All three restaurants are operated by Magnum Hospitality, headquartered in Williamsburg, MI. The properties are located along the scenic shores of Lake Michigan in popular tourist destinations across Northern Michigan, a year-round Great Lakes region known for freshwater beaches, downhill skiing areas, forests and parks, and the Sleeping Bear Dunes National Lakeshore. Traverse City is noted as the largest city in the Northern Michigan region and is referred to as the “Cherry Capital of the World.”
All three restaurants are operated by Magnum Hospitality, headquartered in Williamsburg, MI. The properties are located along the scenic shores of Lake Michigan in popular tourist destinations across Northern Michigan, a year-round Great Lakes region known for freshwater beaches, downhill skiing areas, forests and parks, and the Sleeping Bear Dunes National Lakeshore. Traverse City is noted as the largest city in the Northern Michigan region and is referred to as the “Cherry Capital of the World.”
Key Highlights
- 3‑unit restaurant portfolio under a master lease structure with NNN (zero landlord responsibilities) per the offering remarks
- 7+ years remaining on the lease term
- Annual rent bumps included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Hotels & Casinos 36%
Bob Evans Restaurant
Dining
7,108 visits/mo
0.5 miles
Days Inn & Suites Traverse City
Hotels & Casinos
1,830 visits/mo
0.4 miles
Hampton Inn & Suites
Hotels & Casinos
1,346 visits/mo
0.5 miles
Quality Inn
Hotels & Casinos
818 visits/mo
0.1 miles
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Three-unit restaurant portfolio offered on a master lease structure with NNN responsibilities and 7+ years remaining.
Where is this nnn property located?
The property is located at 1544 US-31 Traverse City, MI.
What are key features of this property?
This property features: 3‑unit restaurant portfolio under a master lease structure with NNN (zero landlord responsibilities) per the offering remarks; 7+ years remaining on the lease term; Annual rent bumps included
