3805 S Sprinkle Rd - Fast Food FOR SALE


Kalamazoo, MI 49001- Millwood
$2,141,593 USD
332-345-4268
3805 S Sprinkle Rd, Kalamazoo, MI for Sale
$2,141,593 USD
Fast Food - FOR SALE
1/3
null | 5.65% Cap Rate

3805 S Sprinkle Rd
Kalamazoo, MI 49001
Millwood


HIGHLIGHTS

  • Strong Franchisee Guarantee
  • Signalized Corner Location
  • Prime Freeway Corridor
  • Strong Surrounding Retail and Hospitality Presence

OVERVIEW

Surmount is pleased to present the exclusive listing for a Wendy's located at 3805 Covington Rd, Kalamazoo, MI 49001. The site consists of roughly 3,324 rentable square feet of building space on an estimated 1.34-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 $121,000 and has scheduled increases of lesser of change in CPI or 1.50% annually.

FOR SALE DETAILS

PRICE

$2,141,593 USD

PRICE/SF

$644 USD /SF

CAP RATE

5.65%

% 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

1945

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

CROSS STREETS

Covington Rd

LAND ACRES

2.44 AC

LAND SF

106,286 SF

ZONING

Commercial

APN/PARCEL ID

06-36-434-104

ASK ABOUT THIS PROPERTY

Ryan SblendorioSurmountMore Info
332-345-4268

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Ryan SblendorioSurmountMore Info
332-345-4268

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