Wendy's NNN Property For Sale — Caledonia, MI
8258 Broadmoor Ave SE, Caledonia, MI 49316
This Absolute NNN Wendy's is located at 8258 Broadmoor Avenue in Caledonia, Michigan. The property consists of a 3,378-square-foot freestanding building with a drive-thru, positioned on a large 1.59-acre parcel offering excellent access and visibility. Strategically positioned along Broadmoor Avenue—a major commercial corridor just six miles from Gerald R. Ford International Airport—this Wendy’s benefits from strong traffic counts and excellent access to both local and commuter traffic. The property is also located near Davenport University, which enrolls more than 8,400 students, driving consistent daytime activity in the area. The site is operated by Meritage Hospitality Group, a publicly traded Wendy’s franchisee with more than 388+ units across the country. The lease is structured as…
- Address: 8258 Broadmoor Ave SE, Caledonia, MI 49316
- Asking price $2.36M
- 6.00% cap rate
- NOI $141,876
- 19.6 years remaining
- NNN lease
- Year built: 1969
- Building size: 3,378 SF
- Lot size: 1.59 acres
- Rent increases: Scheduled rental increases that enhance long-term income growth and value stability.
- Guarantor: Corporate
Location
This Wendy's property is at 8258 Broadmoor Ave SE in Caledonia, Michigan.
Asset type: Restaurant