1185 M-89 - Fast Food FOR SALE


Plainwell, MI 49080
$2,566,666 USD
310-750-7175
1185 M-89, Plainwell, MI for Sale
$2,566,666 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

1185 M-89
Plainwell, MI 49080


HIGHLIGHTS

  • Brand-New 20-Year Triple Net (NNN) Lease
  • Strong National Tenant – Wendy’s
  • Scheduled Annual Rent Increases
  • Remodeled Freestanding Building

OVERVIEW

Surmount is pleased to present the exclusive listing for a Wendy's located at 1185 M-89, Plainwell, MI 49080. The site consists of roughly 2,800 rentable square feet of building space on an estimated 1.37-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $154,000 and has scheduled increases of cpi or 1.50% annually.

FOR SALE DETAILS

PRICE

$2,566,666 USD

PRICE/SF

$917 USD /SF

CAP RATE

6%

% 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

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

US-131

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

-

APN/PARCEL ID

08-019-014-10

ASK ABOUT THIS PROPERTY

Kyle GulockSurmountMore Info
310-750-7175

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Kyle GulockSurmountMore Info
310-750-7175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.