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4694 West River Dr NE
Comstock Park, MI 49321
Wendy's - Grand Rapids, MI (Comstock Park) · Retail Property For Sale

Investment Highlights
- Absolute NNN lease with annual rent increases.
- Operated by 350+-unit franchisee.
- 11+ years remaining on initial term.
- Guaranteed by publicly-traded entity (Meritage Hospitaltiy Group, Inc OTC: MHGI)
Executive Summary
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Wendy’s restaurant located at 4694 W River Dr NE in Comstock Park, Michigan, a suburb of Grand Rapids (MSA pop: 1.17M). Wendy’s is a long-standing, nationally recognized quick-service restaurant brand with a strong corporate and franchise presence throughout the United States. The subject Wendy’s sits at a signalized corner, offering excellent visibility and convenient access to both the store and within the Comstock Park trade area. The Absolute NNN lease has more than 11 years remaining on its original term and is backed by Meritage Hospitality Group, Inc, one of the largest Wendy’s franchisees in the country. Meritage operates more than 350 restaurants in 15 states.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
3,793 SF
Year Built
2005
Price
$2,568,213 CAD
Price Per SF
$677.09 CAD
Cap Rate
6.25%
NOI
$160,513 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.56 AC
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