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Wendys 250 N River Ave 2,991 SF Retail Building Holland, MI 49424 $1,850,000 ($618.52/SF) 6% Cap Rate
Investment Highlights
- High-Traffic Corner Location
- Strong Retail Synergy
- Franchisee Guaranteed by Meritage Hospitality Group
- Growing Population Base
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 250 North River Avenue, Holland, MI 49464. The site consists of roughly 2,991 rentable square feet of building space on an estimated 0.8-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $111,000 and has scheduled increases of 1.50% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,991 SF
Building Class
C
Year Built
1980
Price
$1,850,000
Price Per SF
$618.52
Cap Rate
6%
NOI
$111,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.80 AC
Zoning
Commercial - Commercial district zone
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
Bike Score®
Very Bikeable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 70-16-20-151-036 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $443,900 |
Property Taxes
Parcel Number
70-16-20-151-036
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$443,900
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Wendys | 250 N River Ave
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