Restaurant
Wendy's
436 S Main St, Lapeer, MI 48446
Listing Price: $2,646,000
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.
Listing Price: $2,646,000
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Approximately 13.5 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.
