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Checkers | 2 West Michigan Locations

$2,400,000

1325 28th Street Southwest, Wyoming, MI 49509

Active
Last Updated: 10/14/2026

7

Cap Rate

84,000

NOI

Details:
Cap Rate:    7%
NOI:    $84,000
Highlights:
  • Long-term Absolute NNN Leases
  • Replacement Value: National Coffee User Interest
  • Successful Local Operator
  • Nationally Recognized Brand
  • Premier Grand Rapids Corridor
Description:

Landmark Investment Sales is pleased to offer two newly renovated Checkers restaurants on 28th Street in Wyoming and Grand Rapids, Michigan, available as a portfolio or individually. Each property has a 20-year absolute NNN lease with 18+ years remaining, very low rent of $84,000 per year and 10% increases every 5 years . Each is offered at $1,200,000, a 7.00 % cap rate.

1325 28th Street SW, Wyoming, MI 49509
▪ Building Size: 822 SF
▪ Land Size: 0.64 AC
▪ Parcel Number: 41-17-11-377-034
▪ Lease Term: 20 Years (18+ Years Remain)
▪ Traffic Counts: 28th St (26,722 CPD) & US -131 (118,159 CPD)

461 28th Street SW, Wyoming, MI 49509
▪ Building Size: 800 SF
▪ Land Size: 0.92 AC
▪ Parcel Number: 41-18-07-453-036
▪ Lease Term: 20 Years (18+ Years Remain)
▪ Traffic Counts: 28th St (37,360 CPD) & US -131 (118,159 CPD)

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Offering Memorandum
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