445 N Beacon Blvd - Fast Food FOR SALE


Grand Haven, MI 49417
$2,310,000 USD
949-350-5431
445 N Beacon Blvd, Grand Haven, MI for Sale
$2,310,000 USD
Fast Food - FOR SALE
1/6
null | 5.5% Cap Rate

445 N Beacon Blvd
Grand Haven, MI 49417


HIGHLIGHTS

  • Successful Store with a 7.5% Rent-to-Sales Ratio
  • New, 20-Year Wendy’s Sale-Leaseback | Absolute NNN Property with Zero Landlord Responsibilities
  • 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
  • Across from Home Depot Anchored Shopping Center
  • Highly-Trafficked Location Located on the Corner of a Signalized Intersection with Combined Traffic Counts Exceeding 85,000 Cars Per Day

OVERVIEW

--Successful Store with a 7.5% Rent-to-Sales Ratio --New, 20-Year Wendy’s Sale-Leaseback --Across from Home Depot Anchored Shopping Center --Prime Retail Location -Highly-Trafficked Location Located on the Corner of a Signalized Intersection with Combined Traffic Counts Exceed 85,000 Cars Per Day -Grand Haven Harbor Sees an Estimated 2+ Million Visitors Annually; Renowned Resort Town Location Voted #2 Best Freshwater Beach in America (USA Today) -Located Only 2 Miles from Grand Haven State Park and Beaches -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Starbucks, Verizon, Jersey Mike’s, Great Clips, Jimmy John’s, Walgreens, Dollar Tree, Applebee’s, Tropical Smoothie Café, and Many More -Affluent Area with the Average Household Income Exceeding $106,000 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

$2,310,000 USD

PRICE/SF

$1,066 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's | Grand Rapids MSA | Large Operator

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

Commercial

APN/PARCEL ID

70-03-21-303-036

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.