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Wendy's 3805 S Sprinkle Rd 3,324 SF Retail Building Kalamazoo, MI 49001 $2,016,667 ($606.70/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Franchisee Guarantee
- Prime Freeway Corridor
- Signalized Corner Location
- Strong Surrounding Retail and Hospitality Presence
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 3805 Covington Rd, Kalamazoo, MI 49001. The site consists of roughly 3,324 rentable square feet of building space on an estimated 1.34-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $121,000 and has scheduled increases of lesser of change in CPI or 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,324 SF
Building Class
C
Year Built
1945
Price
$2,016,667
Price Per SF
$606.70
Cap Rate
6%
NOI
$121,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.44 AC
Zoning
Commercial - Commercial district zone
Parking
64 Spaces (22.73 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 06-36-434-104 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $321,900 |
PROPERTY TAXES
Parcel Number
06-36-434-104
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$321,900
CONTACTS
-
Ryan Sblendorio -
Kyle Karsian -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | 3805 S Sprinkle Rd
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