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Wendy's 1162 S Washington Ave 2,584 SF Retail Building Holland, MI 49423 $2,930,036 CAD ($1,133.91 CAD/SF) 5.63% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Absolute NNN Lease: There are over ±14.5 years remaining on an absolute triple-net lease with zero landlord responsibilities.
- Strong Lease Guarantor: Lease guaranteed by Meritage Hospitality Group Inc., one of the largest Wendy’s franchisees in the U.S., operating 385+ units.
- New Construction Drive-Thru: This 2020 new development is Wendy’s new prototype building, providing an investor with a top-quality property.
- Prime Location & Visibility: Situated just off the off-ramp of US-31 and Washington Ave, directly across from Family Fare Super Market.
EXECUTIVE SUMMARY
Matt Fitzgerald
License # 6505432273 (MI)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 6505432273 (MI)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,584 SF
Building Class
C
Year Built
2020
Price
$2,930,036 CAD
Price Per SF
$1,133.91 CAD
Cap Rate
5.63%
NOI
$164,961 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Zoning
C-2 - Commercial
Parking
28 Spaces (1.93 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 53-02-06-499-002 | Improvements Assessment | $1,018,200 CAD |
| Land Assessment | $176,428 CAD | Total Assessment | $1,194,629 CAD |
PROPERTY TAXES
Parcel Number
53-02-06-499-002
Land Assessment
$176,428 CAD
Improvements Assessment
$1,018,200 CAD
Total Assessment
$1,194,629 CAD
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Wendy's | 1162 S Washington Ave
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