Freestanding KFC Restaurant
For Lease
$1,193,292 NNN
311 Us Highway 31 S, Traverse City, MI 49685
Freestanding KFC is leased on a 20-year triple-net basis at a prominent US-31 site in Traverse City.
Space SizeContact for details
Lot Size1.96 Acres
Days on Market115
Property Features for 311 Us Highway 31 S
General Information
Standard status
Active
Lot size
1.96 Acres
Property subtype
Retail
Net Operating Income
$77
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2000
Listing Agency:
Fortis Net Lease
Listed By:
Robert Bender · License #6501323470
(248) 254-3406
Source:
Fortisnetlease
Added: May 14
Changed: Aug 8
Last Checked: Sep 4 at 4:59AM
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 Fortis Net Lease
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.
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
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Taco Bell
Dining
17,365 visits/mo
0.4 miles
Demographics for 49685, MI
20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
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 - 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
