This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2800 Niles Ave
Saint Joseph, MI 49085
Wendy's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Lease guaranteed by Wendy's corporate parent
- 10% increases every 5 years during initial term & options
- More than 52,000 people in a 5-mile radius with an Average Household Income exceeding $68,500
- Fee simple, absolute NNN lease, single tenant investment
- National retail tenants in the immediate trade area include: McDonald's, Burger King, Taco Bell, Buffalo Wild Wings, and Walgreen's
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
ABOUT 2800 NILES AVE , SAINT JOSEPH, MI 49085
Wendy’s has occupied this St Joseph, Michigan location since 1999 before committing to their new 20-year lease in March 2016. The Wendy’s lease provides for 10% rent escalations every five years throughout both the original lease term and renewal terms and is fully guaranteed by the full faith and credit of Wendy’s parent corporation. St Joseph is a lake-front town on Lake Michigan that is located 90 miles southeast of Chicago at the mouth of the St Joseph River which connects Lake Michigan to the Mississippi River. The restaurant sits at a corner location on Route 63 (Niles Avenue) the main coastal bi-way through the region and just 2.5 miles from the intersection with I-94, the main east-west highway connecting Chicago and Detroit. * Cap Rate based on Rent as of March 2021
PROPERTY TAXES
| Parcel Number | 11-76-2700-0008-10-2 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $391,700 |
PROPERTY TAXES
