Freestanding QSR with Absolute NNN
For Lease
$1,402,123 NNN
720 E Front St, Traverse City, MI 49686
Freestanding 3,194 SF quick-service restaurant on a 0.61-acre parcel with a 20-year absolute NNN lease.
Space SizeContact for details
Lot Size0.61 Acres
Days on Market114
Property Features for 720 E Front St
General Information
Standard status
Active
Lot size
0.61 Acres
Property subtype
Retail
Net Operating Income
$91,138
Building Details
Year Built
1994
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Robert Bender · License #6501323470
(248) 254-3406
Source:
Fortisnetlease
Added: May 14
Changed: Aug 24
Last Checked: Sep 4 at 5:15AM
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.
Fortis Net Lease is pleased to present a freestanding quick-service restaurant investment opportunity in Traverse City. The property includes a newly structured 20-year absolute NNN lease with Taco Bell.
The asset is located at 720 E Front St on a 0.61-acre parcel within a high-traffic commercial corridor. Public remarks describe strong visibility, excellent access, and consistent consumer demand supported by local residents and seasonal tourism.
The offering is presented with a projected NOI of $91,138 and is characterized as a true triple-net structure with minimal landlord responsibilities. The building is identified as a QSR retail asset within an established retail corridor that includes national and regional tenants.
The asset is located at 720 E Front St on a 0.61-acre parcel within a high-traffic commercial corridor. Public remarks describe strong visibility, excellent access, and consistent consumer demand supported by local residents and seasonal tourism.
The offering is presented with a projected NOI of $91,138 and is characterized as a true triple-net structure with minimal landlord responsibilities. The building is identified as a QSR retail asset within an established retail corridor that includes national and regional tenants.
Key Highlights
- Freestanding quick‑service restaurant built in 1994: 3,194 SF on a 0.61‑acre parcel
- 20‑year absolute NNN lease with Taco Bell
- Projected NOI of $91,138
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,789
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Home Improvements & Furnishings 32%
Hotels & Casinos 18%
Speedway
Shops & Services
11,773 visits/mo
0.1 miles
Ace Hardware
Home Improvements & Furnishings
10,142 visits/mo
0.1 miles
Hotel Indigo Traverse City
Hotels & Casinos
5,501 visits/mo
0.4 miles
Huntington Bank
Shops & Services
3,876 visits/mo
0.2 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
Lease Benchmarks for Traverse City, MI
$35.62 /SF/Yr
Avg Asking Price
$25.5–$56.73 /SF/Yr
Price Range
2,447 SF
Avg Space Size
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?
Conventional restaurant - Freestanding 3,194 SF quick-service restaurant on a 0.61-acre parcel with a 20-year absolute NNN lease.
Where is this conventional restaurant located?
The property is located at 720 E Front St Traverse City, MI.
What is the lease rate?
The lease rate is $1,402,123.
What are key features of this property?
This property features: Freestanding quick‑service restaurant built in 1994: 3,194 SF on a 0.61‑acre parcel; 20‑year absolute NNN lease with Taco Bell; Projected NOI of $91,138
