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Wendy's 1421 N Main St 2,433 SF Retail Building Clawson, MI 48017 $2,246,411 CAD ($923.31 CAD/SF) 6.30% Cap Rate

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INVESTMENT HIGHLIGHTS

10 year base term with 10 year option

EXECUTIVE SUMMARY

This Wendy's was recently renovated and the operators have just exercised their 10 year option showing long term commitment to the location. It is located on North Main street and neighbored by Taco Bell, KFC , Arby's, The MJR multiplex theaters and well as a recently developed residential complex.
It is run by an experienced operator with 24 locations throughout Michigan . The Lease is Absolute Net with scheduled rent increases. and is cross guaranteed by the parent corporate entity.
30 store operator corporate guarantee. 1.75% annual increase after year 5 and through options.
The 10 year option maintains cap value for potential resale at the end of the base term as well as assuring favorable financing.

Wendys Clawson OM

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,433 SF

Building Class

Year Built/Renovated

1976/2021

Price

$2,246,411 CAD

Price Per SF

$923.31 CAD

Cap Rate

6.30%

NOI

$141,524 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

0.64 AC

Zoning

B3, Clawson

Parking

55 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

108’ on N Main Street

Bus Line

Pylon Sign

Signage

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
2,400 SF
$58.93 CAD
Triple Net
Dec 2036

Wendy's® a été fondée en 1969 par Dave Thomas à Columbus, Ohio. Dave a bâti son entreprise sur le principe : « La qualité est notre recette® », qui reste le guide du système Wendy's. Wendy's est surtout connu pour ses hamburgers carrés sur commande, qui utilisent du bœuf frais, jamais congelé*, des salades fraîchement préparées et d'autres produits emblématiques comme le chili, les pommes de terre cuites au four et le dessert Frosty®. The Wendy's Company (Nasdaq : WEN) s'engage à faire la bonne chose et à faire une différence positive dans la vie des autres. Cela est particulièrement visible grâce à l'appui de la Société à la Fondation Dave Thomas pour l'adoption® et à son programme Wendy's Wonderful Kids®, qui vise à trouver chaque enfant du système de placement en famille d'accueil nord-américain un foyer affectueux pour toujours.