Taco Bell

Traverse City, Michigan, is a vibrant community located in the northwestern part of Michigan’s Lower Peninsula, along the shores of Grand Traverse Bay. Known as the “Cherry Capital of the World,” the city is famous for its annual National Cherry Festival and its significant role in cherry production. Traverse City also serves as a gateway to the scenic Sleeping Bear Dunes National Lakeshore, offering stunning natural landscapes and outdoor recreation opportunities. Its picturesque setting and small-town charm make it a popular destination for visitors year-round. In addition to its natural beauty, Traverse City has a thriving arts, culture, and food scene. The city is home to numerous wineries, breweries, and farm-to-table restaurants, showcasing the region’s agricultural richness. A lively downtown features boutique shops, galleries, and theaters, while events like the Traverse City Film Festival draw national attention. Combined with a strong local economy and a welcoming atmosphere, Traverse City offers both residents and visitors an appealing mix of culture, nature, and community.Fortis Net Lease is pleased to present a premier quick-service restaurant investment opportunity located at 720 E Front St in Traverse City, featuring a newly structured 20-year absolute NNN lease with Taco Bell. This ±3,194 SF freestanding building sits on a 0.61-acre parcel in a high-traffic commercial corridor, benefiting from strong visibility, excellent access, and consistent consumer demand driven by both local residents and seasonal tourism. The asset is offered with a projected NOI of $91,138, providing investors with stable, passive income backed by a nationally recognized QSR brand. The property’s long-term lease structure and passive NNN terms create a highly attractive, bond-like investment profile with minimal landlord responsibilities. Positioned in one of Northern Michigan’s most dynamic and growing retail markets, this location benefits from strong daytime population, tourism-driven traffic, and established retail synergy along Front Street. The combination of a corporate-backed tenant, long lease term, and prime infill location makes this offering a compelling opportunity for investors seeking durable cash flow and long-term income security.