6501 W Pierson Rd - Fast Food FOR SALE


Flushing, MI 48433
$1,555,826 USD
408-510-9057
6501 W Pierson Rd, Flushing, MI for Sale
$1,555,826 USD
Fast Food - FOR SALE
1/4
null | 5.75% Cap Rate

6501 W Pierson Rd
Flushing, MI 48433


HIGHLIGHTS

  • New 20-Year Absolute NNN Lease With Rent Increases | Lease Commenced April 2023 With No Landlord Responsibilities
  • 10% Rent Increases Every 5 Years | 2 × 5-Year Renewal Options
  • Personally Guaranteed by 60+ Unit Franchisee | Backed by High-Net-Worth Individual
  • Recently Renovated to Latest Wendy’s Prototype | ±3,445 SF Building on ±1.26 Acres | Fully Remodeled in 2022
  • Located in Strong Retail Node Along Pierson Road Just Minutes From I-75 and M-21 Providing Regional Connectivity
  • Stable Flint MSA Location With Strong Local Traffic Drivers | Surrounded by Residential, Medical Offices, Schools, and Senior Housing

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant Wendy’s located at 6501 Pierson Road in Flushing, Michigan, within the Flint MSA. The property is leased on a brand-new 20-year absolute NNN lease that commenced in April 2023. The lease features 10% rent increases every five years and includes two (2) five-year renewal options. There are zero landlord responsibilities, and the lease is personally guaranteed by the high-net-worth individual that owns this 60+ unit Wendy's operation. This ±3,445-square-foot building sits on a ±1.26-acre parcel and was fully remodeled in 2022 to meet the brand’s latest prototype standards. It is located along Pierson Road (±17,052 VPD), just west of Elms Road, near a Meijer-anchored center and other national tenants such as Taco Bell, Walgreens, Dollar Tree, and AutoZone. The surrounding area features a strong mix of residential neighborhoods, senior housing, and retail services. Wendy’s is the third-largest quick-service hamburger chain in the world, with over 7,000 locations and more than $12 billion in annual revenue. As the franchise system expands toward 1,000 net new units by 2028, this location provides a highly strategic, long-term investment opportunity backed by brand strength, a passive lease structure, and strong real estate fundamentals.

FOR SALE DETAILS

PRICE

$1,555,826 USD

PRICE/SF

$452 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's | 18yr NNN | 5.75% CAP | Fee-Simple

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

Commercial

APN/PARCEL ID

14-31-504-014

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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