4301 W Centre Ave - Fast Food FOR SALE
Portage, MI 49024 |
$1,999,000 USD
4301 W Centre Ave
Portage, MI 49024
HIGHLIGHTS
- Long-Term Absolute NNN Lease
- There are over ±7.5 years remaining on an absolute triple-net lease with zero landlord responsibilities, providing a truly passive investment with a 5
- Prime Location & Visibility
- Situated just off the off-ramp/on-ramp of US-131 and on Centre Ave, providing convenient access for customers traveling. The site has fantastic traffi
- Lease guaranteed by Meritage Hospitality Group Inc., one of the largest Wendy’s franchisees in the U.S., operating 385+ units across 16 states and gen
- The ±3,082 SF freestanding building with drive-thru is situated on a large parcel of ±1.63 acres, featuring 2 curb cuts for great access and recently
FOR SALE DETAILS
PRICE
$1,999,000 USD
PRICE/SF
$648 USD /SF
CAP RATE
6.29%
% 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
2003
SPRINKLERS
-
PARKING SPACES
44
LAND DETAILS
LAND ACRES
1.49 AC
LAND SF
64,904 SF
ZONING
PD
APN/PARCEL ID
10-00019-111-C
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