1421 N Main St - Fast Food FOR SALE


Clawson, MI 48017
$1,609,269 USD
201-707-0867
1421 N Main St, Clawson, MI for Sale
$1,609,269 USD
Fast Food - FOR SALE
1/5
null | 6.3% Cap Rate

1421 N Main St
Clawson, MI 48017


HIGHLIGHTS

  • 10 year base term with 10 year option

OVERVIEW

This Wendy's was recently renovated and the operators have just exercised their 10 year option showing long term commitment to the location. It is located on North Main street and neighbored by Taco Bell, KFC , Arby's, The MJR multiplex theaters and well as a recently developed residential complex. It is run by an experienced operator with 24 locations throughout Michigan . The Lease is Absolute Net with scheduled rent increases. and is cross guaranteed by the parent corporate entity. 30 store operator corporate guarantee. 1.75% annual increase after year 5 and through options. The 10 year option maintains cap value for potential resale at the end of the base term as well as assuring favorable financing.

FOR SALE DETAILS

PRICE

$1,609,269 USD

PRICE/SF

$661 USD /SF

CAP RATE

6.3%

% 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

1976

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

28,096 SF

ZONING

B3, Clawson

APN/PARCEL ID

20-33-227-055

ASK ABOUT THIS PROPERTY

Jeff SawyerThe Sawyer Realty GroupMore Info
201-707-0867

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Jeff SawyerThe Sawyer Realty GroupMore Info
201-707-0867

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