Freestanding QSR Net-Lease
For Lease
$1,761,357 NNN
997 W Sharon Ave, Houghton, MI 49931
Freestanding Burger King on a 0.77-acre parcel with a long-term 19-year NNN lease.
Space SizeContact for details
Lot Size0.77 Acres
Days on Market115
Property Features for 997 W Sharon Ave
General Information
Standard status
Active
Lot size
0.77 Acres
Property subtype
Retail
Net Operating Income
$118,485
Building Details
Tenancy
Single
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 5 at 5:33AM
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 presents a freestanding Burger King located at 997 W Sharon Ave in Houghton. The property includes a 3,359-square-foot building on a 0.77-acre parcel and is covered by a long-term 19-year NNN lease.
The structure is operated as a quick-service restaurant under a corporate-backed tenant. Under the NNN arrangement, the tenant is responsible for taxes, insurance, and maintenance, supporting a management-reduced ownership profile. The property is reported to have an annual net operating income of $118,485.
The building’s commercial configuration and freestanding site support straightforward retail operations for the existing use. The asset is situated along W Sharon Ave in the primary commercial corridor, with visibility and accessibility intended for everyday traffic patterns.
The structure is operated as a quick-service restaurant under a corporate-backed tenant. Under the NNN arrangement, the tenant is responsible for taxes, insurance, and maintenance, supporting a management-reduced ownership profile. The property is reported to have an annual net operating income of $118,485.
The building’s commercial configuration and freestanding site support straightforward retail operations for the existing use. The asset is situated along W Sharon Ave in the primary commercial corridor, with visibility and accessibility intended for everyday traffic patterns.
Key Highlights
- Freestanding 3,359 SF Burger King on a 0.77‑acre parcel at 997 W Sharon Ave in Houghton.
- Long‑term 19‑year NNN lease structure with tenant responsibility for taxes, insurance, and maintenance.
- Annual net operating income (NOI) of $118,485.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
830
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Fastenal
Home Improvements & Furnishings
830 visits/mo
0.4 miles
Demographics for 49931, MI
10,307
Population
3,490
Households
3
Avg Household Size
25
Median Age
60%
College-Educated
95%
High-School Grad
26.4 sq mi
ZIP Area
390
Density / Sq Mi
$47,279
Median Household Income
$10,579
Median Earnings
$853
Median Rent
$221,200
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 Burger King on a 0.77-acre parcel with a long-term 19-year NNN lease.
Where is this nnn property located?
The property is located at 997 W Sharon Ave Houghton, MI.
What is the lease rate?
The lease rate is $1,761,357.
What are key features of this property?
This property features: Freestanding 3,359 SF Burger King on a 0.77‑acre parcel at 997 W Sharon Ave in Houghton.; Long‑term 19‑year NNN lease structure with tenant responsibility for taxes, insurance, and maintenance.; Annual net operating income (NOI) of $118,485.
