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Wendy's 8258 Broadmoor Ave SE 3,378 SF Retail Building Caledonia, MI 49316 $3,259,601 CAD ($964.95 CAD/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | Zero Landlord Responsibilities
- Experienced 388+ Unit Operator | Meritage Hospitality Group
- Newer 2017 Construction Building with Drive Thru | Strong Intrinsic Value
- Attractive Rental Increases
- Public Company Corporate Guarantee
- Proximity to Davenport University | 8,400+ Enrolled Students
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s, located at 8258 Broadmoor Avenue in Caledonia, Michigan. The property consists of a 3,378-square-foot freestanding building with a drive-thru, positioned on a large 1.59-acre parcel offering excellent access and visibility.
Strategically positioned along Broadmoor Avenue—a major commercial corridor just six miles from Gerald R. Ford International Airport—this Wendy’s benefits from strong traffic counts and excellent access to both local and commuter traffic. The property is also located near Davenport University, which enrolls more than 8,400 students, driving consistent daytime activity in the area.
The site is operated and guaranteed by Meritage Hospitality Group, the nation’s only publicly traded Wendy’s franchisee, with more than 388+ units across the country. The lease is structured as Absolute NNN, providing zero landlord responsibilities and featuring scheduled rental increases that enhance longterm income growth and value stability.
Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has built a strong brand centered around innovation, customer satisfaction, and a commitment to fresh, made-to-order meals. The chain’s flagship menu items include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts, along with a variety of salads, chicken nuggets, and breakfast options. With thousands of locations worldwide, Wendy’s continues to grow its presence, leveraging modern digital ordering, drive-thru convenience, and an expanding global footprint to remain competitive in the quick-service restaurant (QSR) industry.
Strategically positioned along Broadmoor Avenue—a major commercial corridor just six miles from Gerald R. Ford International Airport—this Wendy’s benefits from strong traffic counts and excellent access to both local and commuter traffic. The property is also located near Davenport University, which enrolls more than 8,400 students, driving consistent daytime activity in the area.
The site is operated and guaranteed by Meritage Hospitality Group, the nation’s only publicly traded Wendy’s franchisee, with more than 388+ units across the country. The lease is structured as Absolute NNN, providing zero landlord responsibilities and featuring scheduled rental increases that enhance longterm income growth and value stability.
Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has built a strong brand centered around innovation, customer satisfaction, and a commitment to fresh, made-to-order meals. The chain’s flagship menu items include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts, along with a variety of salads, chicken nuggets, and breakfast options. With thousands of locations worldwide, Wendy’s continues to grow its presence, leveraging modern digital ordering, drive-thru convenience, and an expanding global footprint to remain competitive in the quick-service restaurant (QSR) industry.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,378 SF
Building Class
C
Year Built
2017
Price
$3,259,601 CAD
Price Per SF
$964.95 CAD
Cap Rate
6%
NOI
$195,576 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.59 AC
Zoning
CM - Commercial
Parking
51 Spaces (15.1 Spaces per 1,000 SF Leased)
Frontage
131’ on Broadmoor
AMENITIES
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 41-23-17-400-071 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $810,285 CAD |
PROPERTY TAXES
Parcel Number
41-23-17-400-071
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$810,285 CAD
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Wendy's | 8258 Broadmoor Ave SE
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