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Restaurant

Wendy’s NNN Lease $130K Avg Household Income Annual Rent Increases

8258 Broadmoor Ave SE, Caledonia, MI 49316

Listing Price: $2,533,500

Cap Rate
5.60%
Tenant Name
Wendy's
Years Remaining On Lease
13.4
Gross SF
3,378
Guarantor
Franchisee Guarantee
Rentable SF
3,378
Price/Gross SF
$750.00
Lease Type
Absolute Net
Rent Per Square Feet
$42.00

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s,
located at 8258 Broadmoor Avenue in Caledonia, Michigan. The property
consists of a 3,378-square-foot freestanding building with a drive-thru,
positioned on a large 1.59-acre parcel offering excellent access and visibility.
Strategically positioned along Broadmoor Avenue—a major commercial corridor
just six miles from Gerald R. Ford International Airport—this Wendy’s benefits
from strong traffic counts and excellent access to both local and commuter
traffic. The property is also located near Davenport University, which enrolls
more than 8,400 students, driving consistent daytime activity in the area.
The site is operated and guaranteed by Meritage Hospitality Group, the nation’s
only publicly traded Wendy’s franchisee, with more than 388+ units across
the country. The lease is structured as Absolute NNN, providing zero landlord
responsibilities and featuring scheduled rental increases that enhance longterm
income growth and value stability.
Wendy’s is one of the world’s leading fast-food burger chains, known for its
fresh, never frozen beef, signature square-shaped burgers, and high-quality
ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has
built a strong brand centered around innovation, customer satisfaction, and a
commitment to fresh, made-to-order meals. The chain’s flagship menu items
include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts,
along with a variety of salads, chicken nuggets, and breakfast options. With
thousands of locations worldwide, Wendy’s continues to grow its presence,
leveraging modern digital ordering, drive-thru convenience, and an expanding
global footprint to remain competitive in the quick-service restaurant (QSR)
industry.

Investment Highlights

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Attractive Rental Increases
  • Experienced 388+ Unit Operator | Meritage Hospitality Group
  • Public Company Corporate Guarantee
  • Six Miles from Gerald Ford International Airport
  • Strong Traffic Counts – Over 19,658 VPD per Day
  • Large 1.59 Acre Parcel

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Restaurant

Wendy’s NNN Lease $130K Avg Household Income Annual Rent Increases

Listing Price: $2,533,500

Cap Rate
5.60%
Tenant Name
Wendy's
Years Remaining On Lease
13.4
Gross SF
3,378
Guarantor
Franchisee Guarantee
Rentable SF
3,378
Price/Gross SF
$750.00
Lease Type
Absolute Net
Rent Per Square Feet
$42.00

Investment Highlights

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Attractive Rental Increases
  • Experienced 388+ Unit Operator | Meritage Hospitality Group
  • Public Company Corporate Guarantee
  • Six Miles from Gerald Ford International Airport
  • Strong Traffic Counts – Over 19,658 VPD per Day
  • Large 1.59 Acre Parcel

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s, located at 8258 Broadmoor Avenue in Caledonia, Michigan. The property consists of a 3,378-square-foot freestanding building with a drive-thru, positioned on a large 1.59-acre parcel offering excellent access and visibility. Strategically positioned along Broadmoor Avenue—a major commercial corridor just six miles from Gerald R. Ford International Airport—this Wendy’s benefits from strong traffic counts and excellent access to both local and commuter traffic. The property is also located near Davenport University, which enrolls more than 8,400 students, driving consistent daytime activity in the area. The site is operated and guaranteed by Meritage Hospitality Group, the nation’s only publicly traded Wendy’s franchisee, with more than 388+ units across the country. The lease is structured as Absolute NNN, providing zero landlord responsibilities and featuring scheduled rental increases that enhance longterm income growth and value stability. Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has built a strong brand centered around innovation, customer satisfaction, and a commitment to fresh, made-to-order meals. The chain’s flagship menu items include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts, along with a variety of salads, chicken nuggets, and breakfast options. With thousands of locations worldwide, Wendy’s continues to grow its presence, leveraging modern digital ordering, drive-thru convenience, and an expanding global footprint to remain competitive in the quick-service restaurant (QSR) industry.

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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