Restaurant
Wendy's | New 20-Year Absolute NNN | 390+ Unit Operator
1509 Lincoln Rd, Allegan, MI 49010
Listing Price: $2,267,000
Investment Overview
Prime Retail Location
--Highly-Trafficked Location Located on the Main Thoroughfare Through Town
-Limited Competition – This Wendy’s is One of Only Four Drive-Thru Restaurants within a 10-Mile Radius
-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as NAPA Auto Parts, Taco Bell, AutoZone, Dollar General, Goodwill Store, Pizza Hut, Burger King, McDonald’s, and Many More
-Affluent Area with the Average Household Income Exceeding $84,000 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
Restaurant
Wendy's | New 20-Year Absolute NNN | 390+ Unit Operator
Listing Price: $2,267,000
Investment Highlights
- Successful Store with a 7.5% Rent-to-Sales Ratio
- New, 20-Year Wendy's Sale-Leaseback
- Located Across from Allegan High School and Allegan Middle School
Investment Overview
Prime Retail Location --Highly-Trafficked Location Located on the Main Thoroughfare Through Town -Limited Competition – This Wendy’s is One of Only Four Drive-Thru Restaurants within a 10-Mile Radius -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as NAPA Auto Parts, Taco Bell, AutoZone, Dollar General, Goodwill Store, Pizza Hut, Burger King, McDonald’s, and Many More -Affluent Area with the Average Household Income Exceeding $84,000 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
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