Wendy's NNN Property For Sale — Grand Haven, MI
445 N Beacon Blvd, Grand Haven, MI 49417
This Wendy's property presents an exceptional investment opportunity in a prime retail location. The site benefits from high visibility at a signalized intersection with significant traffic counts. Situated in Grand Haven, a renowned resort town attracting millions of visitors annually, the property is also in close proximity to major retailers and popular attractions like Grand Haven State Park. The affluent surrounding area boasts a strong average household income. Leased to a prominent Wendy's franchisee, this absolute NNN property offers zero landlord responsibilities, making it an ideal, passive investment. The lease features attractive 1.5% annual rental increases, providing a built-in hedge against inflation. The location boasts a successful store with a healthy rent-to-sales ratio…
- Address: 445 N Beacon Blvd, Grand Haven, MI 49417
- Asking price $2.31M
- 5.50% cap rate
- NOI $127,050
- 20 years remaining
- NNN lease
- Building size: 2,167 SF
- Rent increases: Scheduled 1.5% annual rental increases throughout the initial term.
- Guarantor: Corporate
Location
This Wendy's property is at 445 N Beacon Blvd in Grand Haven, Michigan.
Asset type: Restaurant