32967 Michigan Ave
Wayne, MI 48184
Wendy's | Abs NNN w/ ±17 Yrs · Retail Property For Sale

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Wendy's located at 32967 Michigan Ave in Wayne, Michigan, within the Detroit MSA. The ±2,312-square-foot restaurant, renovated in 2016 to Wendy's modern prototype, sits on ±0.98 acres and is secured by an absolute NNN lease with ±17 years remaining, expiring May 1, 2043, and zero landlord responsibilities. Two (2) five-year renewal options provide the potential for up to 10 additional years of occupancy. Annual base rent of $123,144 reflects a 6.00% cap rate, with scheduled 10% rent increases every five years delivering consistent organic income growth and long-term inflation protection.
The property is positioned along Michigan Avenue (US-12), a major commercial corridor with ±26,428 VPD, offering convenient access to I-275, I-94, and downtown Detroit, with corridor neighbors including Walgreens and Taco Bell. The 3-mile trade area holds 83,938 residents with an average household income of $84,431, and the site benefits from proximity to the Ford Michigan Assembly Plant, a 5-million-square-foot facility employing approximately 5,886 workers. The asset sits within the Detroit MSA, home to more than 4.3 million residents and one of the Midwest's leading economic hubs. Wendy's operates 7,000+ restaurants worldwide with $14.0 billion in 2025 revenue, pairing global brand strength with passive, long-term net-lease income.