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3100 Boardwalk Dr
Ann Arbor, MI 48108
Retail Property For Sale
Investment Highlights
- Long-term historical occupancy: Wendy’s has been operating at this location for 8 years
- Affluent Area: Average Household Income (AHI) of $105,507 within a 3-mile radius
- Absolute net lease, zero Landlord responsibilities whatsoever
- Annual NOI Growth: the Lease contains 1.5% annual rental escalations
- Attractive below Wendy’s market rent of $31.30 PSF (average rent PSF of all on-market Wendy’s: $44.17)
- Steady Student Patron Base: located just blocks from the University of Michigan campus
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,281 SF
Building Class
C
Year Built
1979
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.01 AC
Zoning
C3
Parking
54 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 12-09-200-022 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,249,500 |
Property Taxes
Parcel Number
12-09-200-022
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,249,500
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