- For Sale $780,771
- Property Type Retail - Street Retail
- Property Size 3,043 SF
- Lot Size 0.73 Acre
- Property Tenancy Single Tenant
- Year Built 1968
- Date Updated May 13, 2026
Description
Alma is a small city located in Gratiot County in the central part of Michigan, often referred to as the “Scotland, USA” due to its rich Scottish heritage and annual Highland Festival. With a population of approximately 9,000 residents, Alma offers a close-knit community atmosphere supported by a stable local economy. The city is home to Alma College, a well-regarded liberal arts institution that plays a significant role in the area’s cultural life, workforce, and economic stability. Alma’s downtown features a mix of historic architecture, local businesses, and community-focused amenities that reflect its small-town charm and heritage.
In addition to its cultural identity, Alma benefits from a diverse economic base that includes education, healthcare, manufacturing, and agriculture. The city offers a high quality of life with numerous parks, recreational facilities, and access to the Pine River, which runs through the community and provides scenic views and outdoor activities. Its central location in Michigan allows for convenient access to larger markets such as Mount Pleasant and Lansing, while still maintaining a quieter, more affordable lifestyle. With strong community engagement and steady economic drivers, Alma continues to be an attractive place to live, work, and invest.Fortis Net Lease is pleased to present the opportunity to acquire a freestanding KFC located at 1490 Wright Ave in Alma. The subject property consists of a 3,043 square foot building situated on a 0.73-acre parcel and is secured by a long-term 20-year NNN lease. This structure offers investors a passive investment opportunity with minimal landlord responsibilities, as the tenant is responsible for taxes, insurance, and maintenance. With an annual net operating income of $54,654, the asset provides steady and predictable cash flow backed by a globally recognized quick-service restaurant brand.
Strategically positioned within a primary retail corridor, the property benefits from strong visibility, accessibility, and proximity to surrounding residential neighborhoods and commercial activity in Alma. KFC’s long-standing brand recognition and national footprint enhance the stability and reliability of the investment. This offering presents an attractive opportunity for investors seeking a stable, income-producing net lease asset in a well-established and community-oriented market.
Highlights
- Annual NOI of $54,654 offering consistent and predictable cash flow
- Freestanding 3,043 SF building on a 0.73-acre parcel
- Ideal for investors seeking long-term stability and reliable income
- Long-term 20-year NNN lease providing passive, management-free income
- Nationally recognized KFC tenant with strong brand presence
- Strategically located along Wright Ave in Alma
- Strong visibility and accessibility within a primary retail corridor
- Supported by nearby residential and commercial demand drivers
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Contacts
Robert Bender
Fortis Net Lease
Location
Contact Listing Broker
Robert Bender
Fortis Net Lease