1162 S Washington Ave - Fast Food FOR SALE
Holland, MI 49423 |
$2,099,000 USD
773-572-5885
1162 S Washington Ave
Holland, MI 49423
HIGHLIGHTS
- Long-Term Absolute NNN Lease: There are over ±14.5 years remaining on an absolute triple-net lease with zero landlord responsibilities.
- New Construction Drive-Thru: This 2020 new development is Wendy’s new prototype building, providing an investor with a top-quality property.
- Strong Lease Guarantor: Lease guaranteed by Meritage Hospitality Group Inc., one of the largest Wendy’s franchisees in the U.S., operating 385+ units.
- Prime Location & Visibility: Situated just off the off-ramp of US-31 and Washington Ave, directly across from Family Fare Super Market.
FOR SALE DETAILS
PRICE
$2,099,000 USD
PRICE/SF
$812 USD /SF
CAP RATE
5.63%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wendy's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
CROSS STREETS
Matt Urban Dr
LAND ACRES
0.93 AC
LAND SF
40,511 SF
ZONING
C-2
APN/PARCEL ID
53-02-06-499-002
ASK ABOUT THIS PROPERTY
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773-572-5885
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773-572-5885
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