Restaurant
Wendy's
19100 Kelly Rd, Detroit, MI 48224
Listing Price: $2,526,316
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 19100 Kelly Road in Detroit, MI. The site consists of roughly 2,671 rentable square feet of building space on estimated 0.55-acre parcel of land. This Wendy’s is subject to a new 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2021. The current annual rent is $120,000 and is scheduled to increase by the lesser of the change in CPI or 1.25% annually starting in Year 3. These increases will continue throughout the base term and in each of the 6, 5-year renewal options.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Listing Price: $2,526,316
Investment Highlights
- Brand New 20-Year Lease With Just Over 19 Years Remaining
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 19100 Kelly Road in Detroit, MI. The site consists of roughly 2,671 rentable square feet of building space on estimated 0.55-acre parcel of land. This Wendy’s is subject to a new 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2021. The current annual rent is $120,000 and is scheduled to increase by the lesser of the change in CPI or 1.25% annually starting in Year 3. These increases will continue throughout the base term and in each of the 6, 5-year renewal options.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
