Your email has been sent.
Wendy's | Kalamazoo MSA | Large Operator 828 S Kalamazoo St 2,869 SF Retail Building Paw Paw, MI 49079 $2,151,000 ($749.74/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Successful Store with a 7.5% Rent-to-Sales Ratio
- Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States
- New, 20-Year Wendy’s Sale-Leaseback | Absolute NNN Property with Zero Landlord Responsibilities
- Freeway-Close Location – Less Than ½ Mile From Interstate-94, Connecting Detroit to Chicago with a Traffic Counts Exceeding 46,000 Cars Per Day
EXECUTIVE SUMMARY
--New, 20-Year Wendy’s Sale-Leaseback
--Freeway-Close Location – Less Than ½ Mile From Interstate-94, Connecting Detroit to Chicago with a Traffic Counts Exceeding 46,000 Cars Per Day
--Prime Retail Location
-Highly-Trafficked Location Located on the Corner of a Signalized Intersection (Combined Traffic Counts Exceed 20,000 Cars Per Day)
-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Walmart, Tractor Supply Co, Speedway, Jimmy John’s, Family Fare Supermarket, CITGO, Walgreens, Taco Bell, AutoZone, Advance Auto Parts, and Many More
-Affluent Area with the Average Household Income Exceeding $92,000 within 5 Miles
--Experienced Wendy’s Franchisee
-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States
-Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Broker of Record: Paul Kerber – License: 6502433613
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- $38.64
- Triple Net
- Nov 2036
Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is Wendy's Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | $38.64 | Triple Net | Nov 2036 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 80-47-583-048-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $231,900 |
PROPERTY TAXES
Presented by
Wendy's | Kalamazoo MSA | Large Operator | 828 S Kalamazoo St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.