Wendy's Comstock-Grand Rapids
$1,876,265
4694 West River Drive Northeast, Comstock Park, MI 49321
6.25
Cap Rate
117,266.52
NOI
Details:
Highlights:
- Absolute NNN lease with annual rent increases.
- 11+ years remaining on initial term.
- Operated by 350+-unit franchisee.
- Guaranteed by publicly-traded entity (Meritage Hospitality Group, Inc. OTC: MHGU)
- Signalized corner location.
Description:
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Wendy’s restaurant located at 4694 W River Dr NE in Comstock Park, Michigan, a suburb of Grand Rapids (MSA pop: 1.17M). Wendy’s is a long‑standing, nationally recognized quick‑service restaurant brand with a strong corporate and franchise presence throughout the United States.
The subject Wendy’s sits at a signalized corner, offering excellent visibility and convenient access to both the store and within the Comstock Park trade area.
The Absolute NNN lease has more than 11 years remaining on its original term and is backed by Meritage Hospitality Group, Inc, one of the largest Wendy’s franchisees in the country. Meritage operates more than 350 restaurants in 15 states.
Comstock Park is located just 11 minutes north of Grand Rapids Michigan, the state’s second-largest city and a hub for art, healthcare, and manufacturing. It is a family-friendly city with a cost of living roughly 5%-10% below the national average. The Grand Rapids MSA has a population of more than 1.17 million and is known for its high concentration of breweries, furniture manufacturing and research institutions.
Documents:
| Title | ||
|---|---|---|
| Wendy_s_Comstock-Grand_Rapids__MI_-_OM.pdf |
Location
Gallery
