4694 West River Dr NE - Fast Food FOR SALE


Comstock Park, MI 49321
$1,876,265 USD
757-287-1490
4694 West River Dr NE, Comstock Park, MI for Sale
$1,876,265 USD
Fast Food - FOR SALE
1/2
null | 6.25% Cap Rate

4694 West River Dr NE
Comstock Park, MI 49321


HIGHLIGHTS

  • Absolute NNN lease with annual rent increases.
  • 11+ years remaining on initial term.
  • Operated by 350+-unit franchisee.
  • Guaranteed by publicly-traded entity (Meritage Hospitaltiy Group, Inc OTC: MHGI)

OVERVIEW

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Wendy’s restaurant located at 4694 W River Dr NE in Comstock Park, Michigan, a suburb of Grand Rapids (MSA pop: 1.17M). Wendy’s is a long-standing, nationally recognized quick-service restaurant brand with a strong corporate and franchise presence throughout the United States. The subject Wendy’s sits at a signalized corner, offering excellent visibility and convenient access to both the store and within the Comstock Park trade area. The Absolute NNN lease has more than 11 years remaining on its original term and is backed by Meritage Hospitality Group, Inc, one of the largest Wendy’s franchisees in the country. Meritage operates more than 350 restaurants in 15 states.

FOR SALE DETAILS

PRICE

$1,876,265 USD

PRICE/SF

$495 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's - Grand Rapids, MI (Comstock Park)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

C

APN/PARCEL ID

41-10-30-427-017

ASK ABOUT THIS PROPERTY

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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