Wendys New 20Year Absolute Nnn 390 Unit Operator — Sale in Allegan, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Allegan, MI 49010

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 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 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 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

Market Context

This retail in Allegan, MI is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Allegan, MI — view the full market.

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