Wendy's
Watervliet, MI
Key Details
| Price: | $2,477,679 |
|---|---|
| Cap Rate: | 5.60% |
| Annual Rent: | $138,750 |
| Address: | 620 South Main Street, Watervliet, Michigan 49098 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | Lesser of Change in CPI or 1.50% Annually |
| Lot Size: | 1.20 Acres |
| Building Size: | 2,800 SF |
| Year Built: | 2024 |
NNN Pro is pleased to present the exclusive listing for a Wendy's
located at 620 S Main St, Watervliet, MI 49098. The site consists
of roughly 2,800 rentable square feet of building space on an
estimated 1.2-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 $138,750 and has scheduled
increases of Lesser of Change in CPI or 1.50% Annually.
About the Investment
- 20-Year Triple Net Lease (NNN) The landlord has zero lease responsibilities.
- Attractive Rental Increases Lesser of change in CPI, or 1.50% Annually.
- Strong Brand Recognition Wendy's is the World's number three hamburger chain.
Key Details
| Price: | $2,477,679 |
|---|---|
| Cap Rate: | 5.60% |
| Annual Rent: | $138,750 |
| Address: | 620 South Main Street, Watervliet, Michigan 49098 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | Lesser of Change in CPI or 1.50% Annually |
| Lot Size: | 1.20 Acres |
| Building Size: | 2,800 SF |
| Year Built: | 2024 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Ryan Sblendorio
rsblendorio@nnnpro.com
License: NY: 10401309105
Kyle Karsian
kkarsian@nnnpro.com
License: NY: 10401321452
Andrew Darby
adarby@nnnpro.com
License: NY: 10401380956
Broker of Record
Brian Brockman
Bang Realty-Michigan, Inc
License: 6502428679
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.