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1509 Lincoln Rd
Allegan, MI 49010
Wendy's | New 20-Year Absolute NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Successful Store with a 7.5% Rent-to-Sales Ratio
- Located Across from Allegan High School and Allegan Middle School
- New, 20-Year Wendy’s Sale-Leaseback
EXECUTIVE SUMMARY
--Successful Store with a 7.5% Rent-to-Sales Ratio
--New, 20-Year Wendy’s Sale-Leaseback
--Located Across from Allegan High School and Allegan Middle School
--Prime Retail Location
-Highly-Trafficked Location Located on the Main Thoroughfare Through Town
-Limited Competition – This Wendy’s is One of Only Four Drive-Thru Restaurants within a 10-Mile Radius
-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as NAPA Auto Parts, Taco Bell, AutoZone, Dollar General, Goodwill Store, Pizza Hut, Burger King, McDonald’s, and Many More
-Affluent Area with the Average Household Income Exceeding $84,000 within 5 Miles
--Experienced Wendy’s Franchisee
-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States
-Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Broker of Record: Paul Kerber – License: 6502433613
--New, 20-Year Wendy’s Sale-Leaseback
--Located Across from Allegan High School and Allegan Middle School
--Prime Retail Location
-Highly-Trafficked Location Located on the Main Thoroughfare Through Town
-Limited Competition – This Wendy’s is One of Only Four Drive-Thru Restaurants within a 10-Mile Radius
-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as NAPA Auto Parts, Taco Bell, AutoZone, Dollar General, Goodwill Store, Pizza Hut, Burger King, McDonald’s, and Many More
-Affluent Area with the Average Household Income Exceeding $84,000 within 5 Miles
--Experienced Wendy’s Franchisee
-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Meritage Hospitality Group is One of the Largest Wendy’s Franchisee’s in the Country with Over 12,000 Employees and 380 Locations in 16 States
-Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Broker of Record: Paul Kerber – License: 6502433613
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,209 SF
Building Class
B
Year Built
2001
Price
$3,151,107 CAD
Price Per SF
$981.96 CAD
Cap Rate
6%
NOI
$189,039 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.31 AC
Zoning
Commercial - Commercial district zone
Frontage
200’ on Lincoln Rd
AMENITIES
- Signage
- Drive Thru
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 51-170-106-00 | Improvements Assessment | $347,914 CAD |
| Land Assessment | $42,812 CAD | Total Assessment | $390,726 CAD |
PROPERTY TAXES
Parcel Number
51-170-106-00
Land Assessment
$42,812 CAD
Improvements Assessment
$347,914 CAD
Total Assessment
$390,726 CAD
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