Freestanding QSR Net-Lease
997 W Sharon Ave Houghton, MI 49931
997 W Sharon Ave, Houghton, MI, 49931
$1,761,357 SF/Yr
For Lease
$1,761,357 SF/Yr
Freestanding Burger King on a 0.77-acre parcel with a long-term 19-year NNN lease.
Property Size3,359 SF
Lot Size0.77 Acres
Days on Market69
Property Features for 997 W Sharon Ave
General Information
- Standard status
- Active
- Size
- 3,359 SF
- Lot size
- 0.77 Acres
- Property subtype
- Retail
Listing agency
(248) 254-3406
Listed by
Robert Bender · License #MI 6501323470
Source
Fortisnetlease
Added: May 14 Updated: Jul 20 at 4:40PM Checked: Jul 21 at 8:07AM
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
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
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
FAQs
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.
