1509 Lincoln Rd - Fast Food FOR SALE


Allegan, MI 49010
$2,267,000 USD
949-350-5431
1509 Lincoln Rd, Allegan, MI for Sale
$2,267,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

1509 Lincoln Rd
Allegan, MI 49010


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

OVERVIEW

--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 --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 Broker of Record: Paul Kerber – License: 6502433613

FOR SALE DETAILS

PRICE

$2,267,000 USD

PRICE/SF

$706 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's | New 20-Year Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

Commercial

APN/PARCEL ID

51-170-106-00

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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