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Wendy's 4301 W Centre Ave 3,083 SF Retail Building Portage, MI 49024 $1,999,000 ($648.39/SF) 6.29% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Absolute NNN Lease
- Prime Location & Visibility
- Lease guaranteed by Meritage Hospitality Group Inc., one of the largest Wendy’s franchisees in the U.S., operating 385+ units across 16 states and gen
- There are over ±7.5 years remaining on an absolute triple-net lease with zero landlord responsibilities, providing a truly passive investment with a 5
- Situated just off the off-ramp/on-ramp of US-131 and on Centre Ave, providing convenient access for customers traveling. The site has fantastic traffi
- The ±3,082 SF freestanding building with drive-thru is situated on a large parcel of ±1.63 acres, featuring 2 curb cuts for great access and recently
EXECUTIVE SUMMARY
Broker of Record
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,083 SF
Building Class
B
Year Built
2003
Price
$1,999,000
Price Per SF
$648.39
Cap Rate
6.29%
NOI
$125,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.49 AC
Zoning
PD
Parking
44 Spaces (14.27 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 10-00019-111-C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $788,500 |
PROPERTY TAXES
Parcel Number
10-00019-111-C
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$788,500
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Wendy's | 4301 W Centre Ave
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