Restaurant
Wendy's - 20-Year Sale Leaseback Meritage Hospitality Group | Full Remodel
4343 Patterson Ave SE, Kentwood, MI 49512
Listing Price: $2,570,000
Investment Overview
Prime Retail Location
- Located Near the Intersection of 44th St and Patterson Ave (Combined Traffic Counts Exceed 47,000 Cars Per Day)
- The Subject Property boasts an Expansive 1.5-Acre Lot, Providing Ample Space for 66 Parking Spots
- Located Next to the Gerald R. Ford International Airport
- Population During the Daytime More than Doubles Due to the Massive Workforce in the Immediate Area Which Provides a Large Customer Base
Experienced 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 380 Locations in 16 States
- Strong Performing Restaurant with Increasing Sales (Please Contact Agent for More Details)
- Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Pride of Property Ownership in Grand Rapids, MI
- Dense, Infill Location with Over 113,000 Residents within 5 Miles, Creating a Large Customer Base
- Affluent Area with the Average Household Income Exceeding $102,000 within 5 Miles
Investment Highlights
- Introducing a New, 20-Year Wendy's Sale-Leaseback
- Full Remodel Scheduled for June 2024
- Located at Entry to Gerald R. Ford International Airport Serving Over 3 Million Passengers Each Year
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Restaurant
Wendy's - 20-Year Sale Leaseback Meritage Hospitality Group | Full Remodel
Listing Price: $2,570,000
Investment Highlights
- Introducing a New, 20-Year Wendy's Sale-Leaseback
- Full Remodel Scheduled for June 2024
- Located at Entry to Gerald R. Ford International Airport Serving Over 3 Million Passengers Each Year
Investment Overview
Prime Retail Location - Located Near the Intersection of 44th St and Patterson Ave (Combined Traffic Counts Exceed 47,000 Cars Per Day) - The Subject Property boasts an Expansive 1.5-Acre Lot, Providing Ample Space for 66 Parking Spots - Located Next to the Gerald R. Ford International Airport - Population During the Daytime More than Doubles Due to the Massive Workforce in the Immediate Area Which Provides a Large Customer Base Experienced 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 380 Locations in 16 States - Strong Performing Restaurant with Increasing Sales (Please Contact Agent for More Details) - Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation Pride of Property Ownership in Grand Rapids, MI - Dense, Infill Location with Over 113,000 Residents within 5 Miles, Creating a Large Customer Base - Affluent Area with the Average Household Income Exceeding $102,000 within 5 Miles
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager