Wendy's 17010 Harper Ave 2,201 SF Retail Building Detroit, MI 48224 $1,790,000 ($813.27/SF) 6.25% Cap Rate

This Wendy’s property at 17010 Harper Avenue offers investors a stable, long-term net lease opportunity in the Detroit market with a nationally recognized quick-service brand. The site operates under a NNN lease structure backed by WM Limited Partnership LLC, with Res Management LLC as guarantor. The property benefits from high visibility along Harper Avenue with proximity to I-94, ensuring consistent customer traffic.
The current lease has over 19 years remaining on the original 20-year term, along with six additional five-year renewal options, providing strong cash flow security for decades. Annual net operating income is approximately $112,000 with structured rental escalations of up to 1.25% or CPI. Situated on a 23,522 sq. ft. lot with professional landscaping and ample parking, this single-tenant retail property represents passive income supported by a reliable national tenant.
Detroit continues to experience revitalization, enhancing the long-term value of well-located properties. Investors gain the advantage of fee simple ownership and a predictable income stream in a high-traffic retail corridor anchored by a strong brand presence.