Wendy’s – New 20-Year Lease Allegan, MI (Kalamazoo-Portage MSA)

1509 Lincoln Road, Allegan, MI 49010

Property Description

Price: $2,267,000
Land Area: ±1.29 Acres
Cap Rate: 6.00%
Gross Leasable Area: ±3,209 SF
Year Built: 2001

Investment Highlights

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

New, 20-Year Wendy’s Sale-Leaseback

Located Across from Allegan High School and Allegan Middle School

Prime Retail Location

  • Highly-Trafficked Location Located on the Main Thoroughfare Through Town
  • Limited Competition – This Wendy’s is One of Only Four Drive-Thru Restaurants within a 10-Mile Radius
  • Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as NAPA Auto Parts, Taco Bell, AutoZone, Dollar General, Goodwill Store, Pizza Hut, Burger King, McDonald’s, and Many More
  • Affluent Area with the Average Household Income Exceeding $84,000 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: Paul Kerber – License: 6502433613

 

 

 

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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