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Wendy's 1421 N Main St 2,433 SF Retail Building Clawson, MI 48017 $1,609,269 ($661.43/SF) 6.30% Cap Rate
INVESTMENT HIGHLIGHTS
- 10 year base term with 10 year option
EXECUTIVE SUMMARY
It is run by an experienced operator with 24 locations throughout Michigan . The Lease is Absolute Net with scheduled rent increases. and is cross guaranteed by the parent corporate entity.
30 store operator corporate guarantee. 1.75% annual increase after year 5 and through options.
The 10 year option maintains cap value for potential resale at the end of the base term as well as assuring favorable financing.
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- 2,400 SF
- $42.24
- Triple Net
- Dec 2036
Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is Wendy's Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 2,400 SF | $42.24 | Triple Net | Dec 2036 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-33-227-055 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $448,100 |
PROPERTY TAXES
Presented by
The Sawyer Realty Group
Wendy's | 1421 N Main St
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