311 Us Highway 31 S Traverse City, MI 49685

Building Details

Year Built

2000

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

Listed by Robert Bender · License #MI 6501323470

Source Fortisnetlease

Added: May 14 Updated: Jul 21 at 12:17PM Checked: Jul 21 at 12:17PM

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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.

This offering features a freestanding KFC restaurant building leased under a long-term 20-year triple net (NNN) structure. The tenant is responsible for taxes, insurance, and maintenance, which is designed to minimize landlord responsibilities. The property includes an approximately 3,179-square-foot building on a 1.96-acre parcel.

Located along US-31 in Traverse City, the site is described as having strong visibility and access from the highway corridor.

The asset is operated by KFC and is presented as a long-term net lease investment.

Key Highlights

• Freestanding KFC leased to KFC on a 20‑year triple net (NNN) basis
• 3,179 SF building on a 1.96‑acre parcel in Traverse City, MI
• Annual NOI of $77,564

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FAQs

What type of property is this?

NNN property - Freestanding KFC is leased on a 20-year triple-net basis at a prominent US-31 site in Traverse City.

Where is this nnn property located?

The property is located at 311 Us Highway 31 S Traverse City, MI.

What is the lease rate?

The lease rate is $1,193,292.

What are key features of this property?

This property features: Freestanding KFC leased to KFC on a 20‑year triple net (NNN) basis; 3,179 SF building on a 1.96‑acre parcel in Traverse City, MI; Annual NOI of $77,564