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- LoopNet Team
2141 S I 75 Business Loop
Grayling, MI 49738
Wendy's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2,418 SF Wendy's Restaurant with Drive Thru on 2.3 Acres
- Grayling is a Popular Stop for Travelers Driving from Detroit to Northern Michigan
- TEAM Schostak Family Restaurants Currently Operate 150+ Restaurants (Del Taco, Wendy's, MOD Pizza, Applebee's and Olga's Kitchen)
- 15 Year Triple Net Lease with 1.5% Annual Rent Increases | Four, Five Year Options
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 2141 S I 75 BUSINESS LOOP , GRAYLING, MI 49738
Fortis Net Lease is pleased to present this Wendy’s Restaurant located at 2141 Old US 27 Road in Grayling, Michigan. There is a fifteen year triple net lease in place with 1.5 percent annual increases. The lease has four, five year options with 1.5 percent rent bumps at each option as well. The subject property is located on Old US 27, a busy retail corridor that runs through the city of Grayling. Nearby retailers include O'Reilly Auto Parts, Save A Lot, Dollar Tree, Family Fare Supermarket, NAPA Auto Parts, Walgreens, and Ace Hardware. *Tenant has right of first refusal.
PROPERTY TAXES
| Parcel Number | 070-017-006-123-00 | Improvements Assessment | $208,800 |
| Land Assessment | $35,900 | Total Assessment | $244,700 |
PROPERTY TAXES
