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Wendy's | Kalamazoo MSA | Large Operator 828 S Kalamazoo St 2,869 SF Retail Building Paw Paw, MI 49079 $2,911,366 CAD ($1,014.77 CAD/SF) 6.30% Cap Rate
Investment Highlights
- Successful Store with a 7.5% Rent-to-Sales Ratio
- 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
- New, 20-Year Wendy’s Sale-Leaseback | Absolute NNN Property with Zero Landlord Responsibilities
- Freeway-Close Location – Less Than ½ Mile From Interstate-94, Connecting Detroit to Chicago with a Traffic Counts Exceeding 46,000 Cars Per Day
Executive Summary
--New, 20-Year Wendy’s Sale-Leaseback
--Freeway-Close Location – Less Than ½ Mile From Interstate-94, Connecting Detroit to Chicago with a Traffic Counts Exceeding 46,000 Cars Per Day
--Prime Retail Location
-Highly-Trafficked Location Located on the Corner of a Signalized Intersection (Combined Traffic Counts Exceed 20,000 Cars Per Day)
-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Walmart, Tractor Supply Co, Speedway, Jimmy John’s, Family Fare Supermarket, CITGO, Walgreens, Taco Bell, AutoZone, Advance Auto Parts, and Many More
-Affluent Area with the Average Household Income Exceeding $92,000 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
- Pylon Sign
- Restaurant
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $54.96 CAD
- Triple Net
- Nov 2036
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 Type | Lease End | |
|
|
Accommodation and Food Services | - | $54.96 CAD | Triple Net | Nov 2036 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 80-47-583-048-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $329,822 CAD |
Property Taxes
Presented by
Wendy's | Kalamazoo MSA | Large Operator | 828 S Kalamazoo St
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