Wendy's | 18001 E 9 Mile Rd
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Wendy's 18001 E 9 Mile Rd
3,154 SF Retail Building Eastpointe, MI 48021 £2,197,928 (£697/SF) 5.60% Net Initial Yield
Investment Highlights
- 20-Year Triple Net Lease (NNN) - Zero Landlord Responsibilities
- Attractive Rental Increases - Lesser of Change in CPI or 1.50% Annually
- Strong Franchisee Guarantee-Meritage Hospitality Group is an Experienced 388+ Unit Operator and is One of the Largest Wendy's Franchisee in the World
Executive Summary
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 or 1.50% Annually.
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 or 1.50% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,154 SF
Building Class
B
Year Built/Renovated
1986/2019
Price
£2,197,928
Price Per SF
£697
Net Initial Yield
5.60%
NOI
£123,084
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.80 AC
Zoning
B-3 - Low density retail
Frontage
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 02-14-29-451-005 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £297,453 |
PROPERTY TAXES
Parcel Number
02-14-29-451-005
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£297,453
-
Power Broker Glen Kunofsky -
Ryan Sblendorio -
Kyle Karsian -
Andrew Darby -
NNN Pro Group
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Wendy's | 18001 E 9 Mile Rd
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