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Wendy's 436-486 S Main St

2,273 SF Retail Building Lapeer, MI 48446 £1,490,661 (£656/SF) 6.25% Net Initial Yield

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Corporate Guarantee from Wendy’s Properties, LLC
  • Approximately 12.1 Years of Base Lease Term Remaining

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 436 South Main Street in Lapeer, Michigan. The site consists of roughly 2,273 rentable square feet of building space on estimated 0.95-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2015. The current annual rent is $119,070 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 2, 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,273 SF
Building Class
C
Year Built
1976
Price
£1,490,661
Price Per SF
£656
Net Initial Yield
6.25%
NOI
£93,166
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
0.95 AC
Zoning
Commercial
Frontage
130 ft on Main St

Amenities

  • Signage
  • Drive Thru
1 of 1
436-486 S Main St, Lapeer, MI - aerial map view
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Tim Hortons
Curves
Teriyaki Madness
Leo's Coney Island
Kroger
Starbucks
Rent-A-Center
Checkers
ALDI
HOTWORX

PROPERTY TAXES

Parcel Number L21-55-800-040-00 Improvements Assessment £0
Land Assessment £0 Total Assessment £216,504

PROPERTY TAXES

Parcel Number
L21-55-800-040-00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£216,504
(332) 345-4222

Contacts

  • Listing ID: 28506574

  • Date on Market: 17/05/2023

  • Last Updated:

  • Address: 436-486 S Main St, Lapeer, MI 48446

The Retail Property at 436-486 S Main St, Lapeer, MI 48446 is currently available for sale. Contact NNN Pro Group for more information.

Nearby Listings

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436-486 S Main St, Lapeer, MI for sale Building Photo- Image 1 of 3
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436-486 S Main St, Lapeer, MI for sale Aerial- Image 2 of 3
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© 2024 CoStar Group

Wendy's | 436-486 S Main St
(332) 345-4222 x

Wendy's | 436-486 S Main St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(203) 253-9455

(203) 253-9455

Anthony Bird

(917) 697-3215

(917) 697-3215

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