WENDY'S | $2,442,000 | 6.50% CAP
-
Absolute Net Lease (Zero Landlord Responsibilities): 14+ Years Remain with Attractive Annual Increases.
-
#1 Wendy’s Operator: Meritage Hospitality Group, Inc. is the Largest Wendy’s Operator in the Country with 380 Restaurants in 16 States.
-
Strong Performing Store & Commitment to Location: Tenant Remodeled Store in 2019 Spending $450,000 in Remodel Costs. Ask Broker for Store Sales.
-
Prominent Retail Corridor Location: Situated on East 9 Mile Road this Location is Passed by Over 21,600+ Vehicles Per day and Surrounded by Many National Retailers Showing Strength of Location.
-
Near Major Highway: Wendy’s is Located Less than One-Mile West of Interstate-94 Which Oversees 120,500+ Vehicles Per Day and is the Main Passageway for Commuters Across the Detroit Metroplex.
-
Near Multiple Schools: Within a One and One-Half Mile of Wendy’s Reside 9 Schools and an Estimated 3,350+ Students Demonstrating the Population Density of the Region.
-
Detroit MSA: Just 10 Miles from Downtown Detroit, Wendy’s benefits from Excellent Demographics in the Immediate area with a Population of 349,000+ in a 5 Mile Radius.
-
National Tenants Nearby: Within One Mile of Wendy’s you will Find: ALDI, Fresh Choice Market Place, Office Depot, McDonald’s, Popeyes, CVS, Family Dollar, Dairy Queen, and Tim Hortons.