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Restaurant

Wendy's

436 S Main St, Lapeer, MI 48446

Listing Price: $2,381,400

Cap Rate
5.00%
Tenant Name
Wendy’s Properties, LLC
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
2,273
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.38

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 436 South Main Street in Lapeer, Michigan. The site consists of roughly 2,273 rentable square feet of building space on estimated 0.95-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2015. The current annual rent is $119,070 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and in each of the two (2), five (5)-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 12.8 Years of Base Lease Term Remaining
  • Corporate Guarantee from Wendy's Properties, LLC

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Restaurant

Wendy's

Listing Price: $2,381,400

Cap Rate
5.00%
Tenant Name
Wendy’s Properties, LLC
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
2,273
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.38

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 12.8 Years of Base Lease Term Remaining
  • Corporate Guarantee from Wendy's Properties, LLC

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 436 South Main Street in Lapeer, Michigan. The site consists of roughly 2,273 rentable square feet of building space on estimated 0.95-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2015. The current annual rent is $119,070 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term and in each of the two (2), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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