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Wendy’s Corporate 15 Year NNN Lease

4045 Grange Hall Rd, Holly, MI 48442, USA
$1,594,618

Description

Marcus & Millichap is pleased to offer for sale this corporate guaranteed 15 Year absolute NNN Wendy’s located in Holly, Michigan. Holly is 50 miles Northwest of Detroit and is home to the largest ski resort in Southeast Michigan, Mount Holly.
The subject property consists of a 3,356 square foot restaurant and is strategically located near North Holly Road, a major thoroughfare in the city with combined traffic counts in excess of 14,660 vehicles per day and benefits from over 30,274 full time residences with a household income exceeding $79,437 annually.
The subject property is close to 1.08 acres parcel. There are numerous National and Regional retailers in the immediate area including CVS Pharmacy, AutoZone, Rite Aid, Family Dollar, Subway Restaurants, Marathon Gas, Dairy Queen, U-Haul, McDonald’s, Kerton True Value Hardware and Lumber, Fast Eddie’s Oil Change and U-Store Self Storage to name a few.
Wendy’s is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. As of March 2016, Wendy’s was the world’s third largest
hamburger fast food chain with approximately 6,650 locations, following Burger King’s 12,000 plus locations and McDonald’s 31,000 plus locations.

  • RARE CORPORATE GUARANTEED FEE SIMPLE WENDY’S
  • 14 YEARS REMAINING ON THE ORIGINAL 15 YEAR LEASE WITH 10% INCREASES EVERY 5 YEARS
  • OVER 30,274 RESIDENTS IN THE MARKET AREA WITH AN AVERAGE HHI EXCEEDING $79,437
  • SUBJECT PROPERTY IS NEAR THE LARGEST SKI RESORT IN SOUTHEAST MICHIGAN
  • HEALTHY RENT TO SALES RATIO

Property Documents

  • City: Holly
  • State/county: Michigan
  • Zip/Postal Code: 48442
  • Country: United States

Detail

  • Price: $1,594,618

Additional details

  • CAP Rate: 5.00%
  • NOI: $79,731

Features