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Wendy's | New 20-Year Absolute NNN 1509 Lincoln Rd 3,209 SF Retail Building Allegan, MI 49010 $3,106,719 CAD ($968.13 CAD/SF) 6% Cap Rate
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
--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
Amenities
- Signage
- Drive Thru
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-170-106-00 | Improvements Assessment | $343,687 CAD |
| Land Assessment | $42,291 CAD | Total Assessment | $385,978 CAD |
Property Taxes
Presented by
Wendy's | New 20-Year Absolute NNN | 1509 Lincoln Rd
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