Wendy's NNN Property For Sale — Allegan, MI
1509 Lincoln Rd, Allegan, MI 49010
This Wendy's property presents a compelling investment opportunity in a prime retail location. Situated on the main thoroughfare, it benefits from high traffic and limited competition, being one of only four drive-thru restaurants within a 10-mile radius. The surrounding area is an established retail corridor with numerous national tenants. The franchisee, Meritage Hospitality Group, is one of the largest Wendy's franchisees in the country, operating over 380 locations. This is an Absolute NNN property, ideal for investors seeking passive income with zero landlord responsibilities. The lease features attractive 1.5% annual rental increases, offering a strong hedge against inflation. The location is further enhanced by its proximity to Allegan High School and Middle School.
- Address: 1509 Lincoln Rd, Allegan, MI 49010
- Asking price $2.27M
- 6.00% cap rate
- NOI $136,020
- 20 years remaining
- NNN lease
- Building size: 3,209 SF
- Rent increases: Scheduled 1.5% annual rental increases throughout the initial term provide for an excellent hedge against inflation.
- Guarantor: Corporate
Location
This Wendy's property is at 1509 Lincoln Rd in Allegan, Michigan.
Asset type: Restaurant