Restaurant
Wendy's
18001 E 9 Mile Rd, Eastpointe, MI 48021
Listing Price: $2,700,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at
18001 East 9 Mile Drive in Eastpointe, MI. The property consists of approximately
2,559 square feet of building space and is situated on approximately 35,022 square feet of
land. This Wendy’s has over 14-years remaining on an absolute triple-net (NNN) lease The annual rent is $156,701 and is scheduled to increase by the lesser of the change in CPI and 1.25% annually throughout the base term, began in Year 3 and in each of the Six (6), Five (5) Year option periods.
Wendy's
Investment Highlights
- Absolute Net Lease (Zero Landlord Responsibilities) 14+ Years Remain with Attractive Annual Increases.
- #1 Wendy's Operator: Meritage Hospitality Group, Inc. is the Largest Wendy's Operator in the Country with 380 Restaurants in 16 States.
- Strong Performing Store & Commitment to Location: Tenant Remodeled Store in 2019 Spending $450,000 in Remodel Costs. Ask Broker for Store Sales.
- Prominent Retail Corridor Location: Situated on East 9 Mile Road this Location is Passed by Over 21,600+ Vehicles Per day and Surrounded by Many National Retailers Showing Strength of Location.
- Near Major Highway: Wendy's is Located Less than One-Mile West of Interstate-94 Which Oversees 120,500+ Vehicles Per Day and is the Main Passageway for Commuters Across the Detroit Metroplex.
- Near Multiple Schools: Within a One and One-Half Mile of Wendy's Reside 9 Schools and an Estimated 3,350+ Students Demonstrating the Population Density of the Region.
- Detroit MSA: Just 10 Miles from Downtown Detroit, Wendy's benefits from Excellent Demographics in the Immediate area with a Population of 349,000+ in a 5 Mile Radius.
Listing Price: $2,700,000
Investment Highlights
- Absolute Net Lease (Zero Landlord Responsibilities) 14+ Years Remain with Attractive Annual Increases.
- #1 Wendy's Operator: Meritage Hospitality Group, Inc. is the Largest Wendy's Operator in the Country with 380 Restaurants in 16 States.
- Strong Performing Store & Commitment to Location: Tenant Remodeled Store in 2019 Spending $450,000 in Remodel Costs. Ask Broker for Store Sales.
- Prominent Retail Corridor Location: Situated on East 9 Mile Road this Location is Passed by Over 21,600+ Vehicles Per day and Surrounded by Many National Retailers Showing Strength of Location.
- Near Major Highway: Wendy's is Located Less than One-Mile West of Interstate-94 Which Oversees 120,500+ Vehicles Per Day and is the Main Passageway for Commuters Across the Detroit Metroplex.
- Near Multiple Schools: Within a One and One-Half Mile of Wendy's Reside 9 Schools and an Estimated 3,350+ Students Demonstrating the Population Density of the Region.
- Detroit MSA: Just 10 Miles from Downtown Detroit, Wendy's benefits from Excellent Demographics in the Immediate area with a Population of 349,000+ in a 5 Mile Radius.
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 18001 East 9 Mile Drive in Eastpointe, MI. The property consists of approximately 2,559 square feet of building space and is situated on approximately 35,022 square feet of land. This Wendy’s has over 14-years remaining on an absolute triple-net (NNN) lease The annual rent is $156,701 and is scheduled to increase by the lesser of the change in CPI and 1.25% annually throughout the base term, began in Year 3 and in each of the Six (6), Five (5) Year option periods.
