250 N River Ave - Fast Food FOR SALE


Holland, MI 49424- Holland/Zeeland
$1,850,000 USD
310-750-7175
250 N River Ave, Holland, MI for Sale
$1,850,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

250 N River Ave
Holland, MI 49424
Holland/Zeeland


HIGHLIGHTS

  • High-Traffic Corner Location
  • Franchisee Guaranteed by Meritage Hospitality Group
  • Strong Retail Synergy
  • Growing Population Base

OVERVIEW

Surmount is pleased to present the exclusive listing for a Wendy's located at 250 North River Avenue, Holland, MI 49464. The site consists of roughly 2,991 rentable square feet of building space on an estimated 0.8-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $111,000 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$619 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendys

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

W Lakewood Blvd

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

Commercial

APN/PARCEL ID

70-16-20-151-036

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.