620 S Main St - Restaurant FOR SALE


Watervliet, MI 49098
$2,477,679 USD
332-345-4222
620 S Main St, Watervliet, MI for Sale
$2,477,679 USD
Restaurant - FOR SALE
1/2
null | 5.6% Cap Rate

620 S Main St
Watervliet, MI 49098


HIGHLIGHTS

  • 20-Year Triple Net Lease (NNN) The landlord has zero lease responsibilities.
  • Attractive Rental Increases Lesser of change in CPI, or 1.50% Annually.
  • Strong Brand Recognition Wendy's is the World's number three hamburger chain.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Wendy's located at 620 South Main Street, Watervliet, MI 49098. The site consists of roughly 2800 rentable square feet of building space on an estimated 1.2-acre parcel of land. This Wendy's is subject to a 20.00-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $138,750 and has scheduled increases of Lesser of Change in CPI or 1.50% Annually.

FOR SALE DETAILS

PRICE

$2,477,679 USD

PRICE/SF

$885 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

B2

APN/PARCEL ID

11-78-0027-0073-00-7

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.