Wendy’s Corporate NNN Lease

  • $1,034,009
7945, Gratiot Road, Shields, Thomas Township, Saginaw County, Michigan, 48609, United States of America

Wendy’s Corporate NNN Lease

7945, Gratiot Road, Shields, Thomas Township, Saginaw County, Michigan, 48609, United States of America
  • $1,034,009

Overview

Property ID: 19327
  • Property Type
  • Fast Food Properties
  • 2419
  • sqft

Description

Marcus & Millichap is pleased to offer for sale this rare absolute NNN corporate guaranteed Wendy’s located at 7943 Gratiot Road in Saginaw, Michigan. Saginaw is a thriving manufacturing community and is the largest city in the Bay City Metropolitan Area, which also includes Bay City and Midland. The subject property consists of a 2,419 square foot restaurant on a large 1.45 Acre Parcel of land and is strategically located one parcel away from the signalized intersection of Gratiot Rd and North Miller Road with combined daily traffic counts in excess of 62,900 vehicles per day and benefits from over 64,473 residences with a household income of $74,977 annually. There are numerous National and Regional retailers in the immediate area including Verizon, 7-Eleven, H & B Equipment, Culvers, Tim Horton’s, The State Bank, Flannigan’s, Darcy’s Furniture Home and Décor, Tuffy Auto Services Center, AutoZone, Print Express, and McDonald’s to name a few. Wendy’s is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969 in Columbus, Ohio, United States. As of March 2016, Wendy’s was the world’s third largest hamburger fast food chain with approximately 6,650 locations, following Burger King’s 12,000 plus locations and McDonald’s 31,000 plus locations.

  • RARE CORPORATE GUARANTEED NNN WENDY’S
  • 9 YEARS REMAIN ON ORIGINAL 10 YEAR LEASE WITH 10% INCREASES EVERY 5 YEARS
  • OVER 64,473 RESIDENTS IN THE MARKET AREA WITH AN AVERAGE HHI EXCEEDING $74,977
  • SURROUNDED BY NUMEROUS NATIONAL RETAILERS INCLUDING VERIZON, 7-ELEVEN, H & B EQUIPMENT, CULVERS, TIM HORTON’S, THE STATE BANK, FLANNIGAN’S, DARCY’S FURNITURE HOME AND DÉCOR, TUFFY AUTO SERVICES CENTER, AUTOZONE, PRINT EXPRESS, AND MCDONALD’S TO NAME A FEW
  • HEALTHY RENT TO SALES RATIO

Details

Updated on May 1, 2020 at 6:25 am
  • Price: $1,034,009
  • Property Size: 2419 sqft
  • Property Type: Fast Food Properties
  • Property Status: Available
  • Cap Rate: 5.35%
  • Lease Expiration: 0 months
  • NOI: $55,319
  • Tenant: Wendy’s
  • Address 7945, Gratiot Road, Shields, Thomas Township, Saginaw County, Michigan, 48609, United States of America
  • City Saginaw
  • State/county Saginaw County
  • Zip/Postal Code 48609

Contact Information

View Listings
Ronnie Issenberg
  • Ronnie Issenberg

Get FREE Customized NNN Property List

Similar Listings

  • $686,153

Papa John’s Within Opportunity Zone! | Birmingham, AL

  • $686,153
9109, Parkway East, Roebuck, Birmingham, Jefferson County, Alabama, 35206, United States of America
  • Cap Rate: 6.50%
  • NOI: $44,600
  • Fast Food Properties
Details
  • $2,181,818

Brand New Wendy’s – 20 Year NNN Lease

  • $2,181,818
7535 Mountain Grove DrKnoxville, TN 37920, USA
  • Cap Rate: 5.50%
  • NOI: $120,000
  • Fast Food Properties
Details

Wendy’s 20 Year NNN Lease | 240 Unit Operating Company

  • $4,000,000
2370, Southwest 8th Street, Little Havana, Latin Quarter, Miami, Miami-Dade County, Florida, 33135, United States of America
  • Cap Rate: 4.00%
  • NOI: $160,000
  • Fast Food Properties
Details

Compare listings

Compare
Ronnie Issenberg
  • Ronnie Issenberg