18001 E 9 Mile Rd - Fast Food FOR SALE


Eastpointe, MI 48021
$2,713,043 USD
332-345-4222
18001 E 9 Mile Rd, Eastpointe, MI for Sale
$2,713,043 USD
Fast Food - FOR SALE
1/2
null | 5.75% Cap Rate

18001 E 9 Mile Rd
Eastpointe, MI 48021


HIGHLIGHTS

  • 20-Year Triple Net Lease (NNN) - Zero Landlord Responsibilities
  • Strong Franchisee Guarantee-Meritage Hospitality Group is an Experienced 388+ Unit Operator and is One of the Largest Wendy's Franchisee in the World
  • Attractive Rental Increases - Lesser of Change in CPI or 1.50% Annually

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Wendy's located at 18001 E Nine Mile Rd, Eastpointe, MI 48021. The site consists of roughly 3,154 rentable square feet of building space on an estimated 0.8-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $156,000 and has scheduled increases of Lesser of Change in CPI and 1.50% Annually.

FOR SALE DETAILS

PRICE

$2,713,043 USD

PRICE/SF

$860 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

B-3

APN/PARCEL ID

02-14-29-451-005

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.