Wendy's | 620 S Main St
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Wendy's 620 S Main St
2,800 SF 100% Leased Retail Building Watervliet, MI 49098 £1,940,766 (£693/SF) 5.60% Net Initial Yield
Investment Highlights
- 20-Year Triple Net Lease (NNN) The landlord has zero lease responsibilities.
- Strong Brand Recognition Wendy's is the World's number three hamburger chain.
- Attractive Rental Increases Lesser of change in CPI, or 1.50% Annually.
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,800 SF
Building Class
C
Year Built
2024
Price
£1,940,766
Price Per SF
£693
Net Initial Yield
5.60%
NOI
£108,683
Percent Leased
100%
Number of Floors
1
Building FAR
0.05
Lot Size
1.20 AC
Opportunity Zone
Yes
Zoning
B2
PROPERTY TAXES
| Parcel Number | 11-78-0027-0073-00-7 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £68,382 |
PROPERTY TAXES
Parcel Number
11-78-0027-0073-00-7
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£68,382
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Wendy's | 620 S Main St
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