18001 9 Mile RdEastpointe, MI 48021

For Sale
$2,785,714

High-return QSR in Michigan. 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity features a Wendy's restaurant located at 18001 E 9 Mile Rd, Eastpointe, MI 48021, in Macomb County. The property boasts a fee-simple ownership structure and comprises a 3,154-square-foot building situated on a 0.8-acre lot. Built in 1986, this established QSR operates under a 20-year triple-net (NNN) lease, eliminating landlord responsibilities. The current annual net operating income (NOI) is $156,000, yielding a 5.60% cap rate at an asking price of $2,785,714 ($883.23 per square foot). The lease includes annual rent increases, with the lesser of a change in the Consumer Price Index (CPI) or 1.50% applied annually, providing consistent income growth. The franchisee, Meritage Hospitality Group, is a significant and experienced operator with a substantial portfolio, mitigating risk. This presents a compelling opportunity for investors seeking a stable, high-yield, long-term investment in a well-established quick-service restaurant brand. The property's location in Eastpointe, Michigan offers strong visibility and accessibility. This is a turnkey investment with minimal management requirements.

Highlights

  • Fee-simple ownership of a 3,154 sq ft Wendy's restaurant on a 0.8-acre lot in Eastpointe, MI.
  • 20-year triple-net (NNN) lease with zero landlord responsibilities.
  • Strong, experienced franchisee: Meritage Hospitality Group, a major Wendy's operator.
  • Annual rent increases: lesser of CPI or 1.50%.

Property Details for 18001 9 Mile Rd

Property type
Other retail properties, Restaurants
Square Feet
3,154 SF
Year Built
1986
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Eastpointe
County
Macomb
State
Michigan
Latitude
42.4655442
Longitude
-82.9348291
18001 9 Mile Rd, Eastpointe, Michigan

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18001 9 Mile Rd
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