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Wendy’s Corporate NNN Lease

7945 Gratiot Rd, Saginaw, MI 48609, USA
$1,034,009

Description

Marcus & Millichap is pleased to offer for sale this rare absolute NNN corporate guaranteed Wendy’s located at 7943 Gratiot Road in Saginaw, Michigan. Saginaw is a thriving manufacturing
community and is the largest city in the Bay City Metropolitan Area, which also includes Bay City and Midland.
The subject property consists of a 2,419 square foot restaurant on a large 1.45 Acre Parcel of land and is strategically located one parcel away from the signalized intersection of Gratiot Rd and North Miller Road with combined daily traffic counts in excess of 62,900 vehicles per day and benefits from over 64,473 residences with a household income of $74,977 annually.
There are numerous National and Regional retailers in the immediate area including Verizon, 7-Eleven, H & B Equipment, Culvers, Tim Horton’s, The State Bank, Flannigan’s, Darcy’s
Furniture Home and Décor, Tuffy Auto Services Center, AutoZone, Print Express, and McDonald’s 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 NNN WENDY’S
  • 9 YEARS REMAIN ON ORIGINAL 10 YEAR LEASE WITH 10% INCREASES EVERY 5 YEARS
  • OVER 64,473 RESIDENTS IN THE MARKET AREA WITH AN AVERAGE HHI EXCEEDING $74,977
  • SURROUNDED BY NUMEROUS NATIONAL RETAILERS INCLUDING VERIZON, 7-ELEVEN, H & B EQUIPMENT, CULVERS, TIM HORTON’S, THE STATE BANK, FLANNIGAN’S, DARCY’S FURNITURE HOME AND DÉCOR, TUFFY AUTO SERVICES CENTER, AUTOZONE, PRINT EXPRESS, AND MCDONALD’S TO NAME A FEW
  • HEALTHY RENT TO SALES RATIO

Property Documents

  • City: Saginaw
  • State/county: Michigan
  • Zip/Postal Code: 48609
  • Country: United States

Detail

  • Price: $1,034,009

Additional details

  • CAP Rate: 5.35%
  • NOI: $55,319

Features