Wendy’s – New 20-Year Lease (Kalamazoo MSA)

828 S. Kalamazoo Street, Paw Paw, MI 49079

Property Description

Price: $2,245,000
Land Area: ±1.16 Acres
Cap Rate: 5.75%
Gross Leasable Area: ±2,869 SF
Year Built: 2016

Investment Highlights

Successful Store with a 7.5% Rent-to-Sales Ratio

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 ResponsibilitiesIdeal 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: Steve Chaben, Lic. MI 6502387903

Contact Information

Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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