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Restaurant

Wendy's - 2024 Construction | 380+ Unit Franchisee | 20-Yr Abs. NNN

66942 Gratiot Ave, Richmond, MI 48062

Listing Price: $2,571,428

Cap Rate
5.60%
Tenant Name
Wendy's
Guarantor
Franchisee Guarantee
Rentable SF
2,045
Lease Type
Absolute Net
Rent Per Square Feet
$70.42

Investment Overview

--Prime Retail Location--

-Highly-Trafficked Location Near the Intersection of Gratiot Ave and 31 Mile Rd (Combined Traffic Counts Exceed 28,000 Cars Per Day)

-Located in Front of the Only Major Grocery Store within a 6-Mile Radius, Providing for a Consistent Flow of Customers to the Subject Property

-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Tractor Supply, Jimmy John’s, T-Mobile, Great Clips, CVS, O’Reilly Auto Parts, Verizon, AT&T, Tropical Smoothie Café, Speedway, AutoZone, PNC Bank, and Many More

-Affluent Area with the Average Household Income Exceeding $87,000 within 3 Miles


--Experienced Wendy’s Franchisee--

Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation

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

Investment Highlights

  • Introducing a Brand New, 20-Year Wendy's Sale-Leaseback
  • Wendy's New Global Next Gen Prototype – Grand Opening in September 2024
  • Outparcel to Kroger Anchored Shopping Center
  • 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

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Restaurant

Wendy's - 2024 Construction | 380+ Unit Franchisee | 20-Yr Abs. NNN

Listing Price: $2,571,428

Cap Rate
5.60%
Tenant Name
Wendy's
Guarantor
Franchisee Guarantee
Rentable SF
2,045
Lease Type
Absolute Net
Rent Per Square Feet
$70.42

Investment Highlights

  • Introducing a Brand New, 20-Year Wendy's Sale-Leaseback
  • Wendy's New Global Next Gen Prototype – Grand Opening in September 2024
  • Outparcel to Kroger Anchored Shopping Center
  • 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

Investment Overview

--Prime Retail Location-- -Highly-Trafficked Location Near the Intersection of Gratiot Ave and 31 Mile Rd (Combined Traffic Counts Exceed 28,000 Cars Per Day) -Located in Front of the Only Major Grocery Store within a 6-Mile Radius, Providing for a Consistent Flow of Customers to the Subject Property -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Tractor Supply, Jimmy John’s, T-Mobile, Great Clips, CVS, O’Reilly Auto Parts, Verizon, AT&T, Tropical Smoothie Café, Speedway, AutoZone, PNC Bank, and Many More -Affluent Area with the Average Household Income Exceeding $87,000 within 3 Miles --Experienced Wendy’s Franchisee-- Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation 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

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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