KFC

Fortis Net Lease is pleased to present a long-term net lease investment opportunity featuring a freestanding KFC located at 311 US-31, Traverse City, Michigan. The property is secured by a 20-year triple net (NNN) lease, providing investors with a passive income stream and minimal landlord responsibilities, as the tenant is responsible for taxes, insurance, and maintenance. The building spans approximately 3,179 square feet and is situated on a generous 1.96-acre parcel, offering strong underlying real estate value and potential future redevelopment flexibility. With a nationally recognized quick-service restaurant tenant, this asset benefits from consistent consumer demand and brand stability.

The property generates a current net operating income (NOI) of $77,564 annually, making it an attractive option for investors seeking stable, long-term cash flow. Positioned along US-31, a primary commercial corridor in Traverse City, the site benefits from strong visibility and accessibility, enhancing customer traffic and tenant performance. While rent escalations and renewal options are not specified, the long-term lease structure provides security of income and reduces near-term rollover risk. This investment is well-suited for buyers seeking a dependable, management-free asset backed by an established national tenant.

• 20-year triple net (NNN) lease offering passive, management-free income
• Leased to KFC, a nationally recognized quick-service restaurant brand
• Annual NOI of $77,564 providing stable cash flow
• Freestanding 3,179 SF building on a large 1.96-acre lot
• Strong visibility and access along US-31 in Traverse City, MI
• Minimal landlord responsibilities with tenant covering operating expenses
• Long-term lease reduces vacancy and rollover risk
• Underlying land value with potential future redevelopment opportunity