Grand Rapids Wendy’s for Sale

4343 Patterson Avenue SE, Kentwood, MI 49512

All Cash Buyer

Closed in 21 Days

Price: $2,570,000

Price Per/SF: $779.50

Land Area: ±1.50 Acres

Cap Rate: 5.25%

Gross Leasable Area: ±3,297 SF

Year Built: 2004/2024

Introducing a New, 20-Year Wendy’s Sale-Leaseback

Full Remodel Scheduled for June 2024

Located at Entry to Gerald R. Ford International Airport Serving Over 3 Million Passengers Each Year

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong

Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643

Prime Retail Location

Located Near the Intersection of 44^th St and Patterson Ave (Combined Traffic Counts Exceed 47,000 Cars Per Day)
The Subject Property boasts an Expansive 1.5-Acre Lot, Providing Ample Space for 66 Parking Spots
Located Next to the Gerald R. Ford International Airport
Population During the Daytime More than Doubles Due to the Massive Workforce in the Immediate Area Which Provides a Large Customer Base

Experienced 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 380 Locations in 16 States
Strong Performing Restaurant with Increasing Sales (Please Contact Agent for More Details)
Scheduled 1.5% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation

Pride of Property Ownership in Grand Rapids, MI

Dense, Infill Location with Over 113,000 Residents within 5 Miles, Creating a Large Customer Base
Affluent Area with the Average Household Income Exceeding $102,000 within 5 Miles

Broker of Record: Steve Chaben, Lic. MI 6502387903