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Restaurant

Wendy's - New 20-Year Lease | 390+ Unit Operator

445 N Beacon Blvd, Grand Haven, MI 49417

Listing Price: $2,310,000

Cap Rate
5.50%
Tenant Name
Wendy's
Guarantor
Franchisee Guarantee
Rentable SF
2,167
Lease Type
Absolute Net
Rent Per Square Feet
$58.61

Investment Overview

--Prime Retail Location

-Highly-Trafficked Location Located on the Corner of a Signalized Intersection with Combined Traffic Counts Exceed 85,000 Cars Per Day

-Grand Haven Harbor Sees an Estimated 2+ Million Visitors Annually; Renowned Resort Town Location Voted #2 Best Freshwater Beach in America (USA Today)

-Located Only 2 Miles from Grand Haven State Park and Beaches

-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Starbucks, Verizon, Jersey Mike’s, Great Clips, Jimmy John’s, Walgreens, Dollar Tree, Applebee’s, Tropical Smoothie Café, and Many More

-Affluent Area with the Average Household Income Exceeding $106,000 within 5 Miles

--Experienced Wendy’s Franchisee

-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

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

Investment Highlights

  • Successful Store with a 7.5% Rent-to-Sales Ratio
  • New, 20-Year Wendy's Sale-Leaseback
  • Across from Home Depot Anchored Shopping Center

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Financing By

Restaurant

Wendy's - New 20-Year Lease | 390+ Unit Operator

Listing Price: $2,310,000

Cap Rate
5.50%
Tenant Name
Wendy's
Guarantor
Franchisee Guarantee
Rentable SF
2,167
Lease Type
Absolute Net
Rent Per Square Feet
$58.61

Investment Highlights

  • Successful Store with a 7.5% Rent-to-Sales Ratio
  • New, 20-Year Wendy's Sale-Leaseback
  • Across from Home Depot Anchored Shopping Center

Investment Overview

--Prime Retail Location -Highly-Trafficked Location Located on the Corner of a Signalized Intersection with Combined Traffic Counts Exceed 85,000 Cars Per Day -Grand Haven Harbor Sees an Estimated 2+ Million Visitors Annually; Renowned Resort Town Location Voted #2 Best Freshwater Beach in America (USA Today) -Located Only 2 Miles from Grand Haven State Park and Beaches -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Starbucks, Verizon, Jersey Mike’s, Great Clips, Jimmy John’s, Walgreens, Dollar Tree, Applebee’s, Tropical Smoothie Café, and Many More -Affluent Area with the Average Household Income Exceeding $106,000 within 5 Miles --Experienced Wendy’s Franchisee -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 -Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

Financing By

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