Wendy's 436-486 S Main St
2,273 SF Retail Building Lapeer, MI 48446 $1,905,120 ($838/SF) 6.25% Cap Rate
![436-486 S Main St, Lapeer, MI for sale - Building Photo - Image 1 of 2](https://images1.loopnet.com/i2/BAqoi8kDs-ynoPyqvTupwa-zvXB77zGf78xwE9FZJIY/110/436-486-S-Main-St-Lapeer-MI-Building-Photo-1-Large.jpg)
![436-486 S Main St, Lapeer, MI for sale - Aerial - Image 2 of 2](https://images1.loopnet.com/i2/YfpBQ8sD7mexsiWIUd7bp4xkUD3EoskR_IVQZr-Qjac/110/436-486-S-Main-St-Lapeer-MI-Aerial-2-Large.jpg)
INVESTMENT HIGHLIGHTS
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Corporate Guarantee from Wendy’s Properties, LLC
- Approximately 12.1 Years of Base Lease Term Remaining
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 436 South Main Street in Lapeer, Michigan. The site consists of roughly 2,273 rentable square feet of building space on estimated 0.95-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2015. The current annual rent is $119,070 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 2, 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,273 SF
Building Class
C
Year Built
1976
Price
$1,905,120
Price Per SF
$838
Cap Rate
6.25%
NOI
$119,070
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.95 AC
Zoning
Commercial
Frontage
130 FT on Main St
AMENITIES
- Signage
- Drive Thru
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
![Tim Hortons Tim Hortons](https://images1.loopnet.com/i2/jJBezIW1mwDaQ3m34ChtvIpzAmC-JhPMn8BRkbNXEVY/105/image.png)
![Curves Curves](https://images1.loopnet.com/i2/5t-1pAuSkseAdGX9v5qj87m_hOIhqi68HWat8HrZQXk/105/image.png)
![Teriyaki Madness Teriyaki Madness](https://images1.loopnet.com/i2/PPWFbjUrwBZr7tWqF0PY230s_FSqST45C2dUorB5KEA/105/image.png)
![Leo's Coney Island Leo's Coney Island](https://images1.loopnet.com/i2/-hUaDm7unlNVRRfs8GzQGN1uJBWG0DRsif9vZxW_dbo/105/image.png)
![Kroger Kroger](https://images1.loopnet.com/i2/Lfens-da2slE06jCfd0a_KvYLRCOPdHKnbEgrcBxOfs/105/image.png)
![Starbucks Starbucks](https://images1.loopnet.com/i2/V11gp9X1QvF-sYuRU43vwjphTt976BD4p9n50Z1aR1w/105/image.png)
![Rent-A-Center Rent-A-Center](https://images1.loopnet.com/i2/eaKZ0DPqDsWSR2Ex6IK1gn7PkKjeAR96NGksuvBUq7o/105/image.png)
![Checkers Checkers](https://images1.loopnet.com/i2/eNjYoeyOn8o4nrRxCiLcpzgnu4xfrugkvQm93x_tYYc/105/image.jpg)
![HOTWORX HOTWORX](https://images1.loopnet.com/i2/uOAx0nsEeurTAqAZtElLJj2Wnwk-SIGstVZDIl8pVcM/105/image.png)
![ALDI ALDI](https://images1.loopnet.com/i2/ZYUlCDqP84NW2oQ0_rkeO4IBxAP1rRkxBa2mMn5A2wA/105/image.png)
PROPERTY TAXES
Parcel Number | L21-55-800-040-00 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $276,700 |