3176 W. Shore Drive | Holland | MI | 49424
Triple-net lease Wendy’s with an original 20-Year lease which commenced on August 2006 (Initial Term through August 2026). The lease also provides for two options to extend at 10 years each (2036 and 2046). Beginning on the 6th anniversary of the Commencement Date and thereafter during the Initial Term and any renewals, the Base Rent shall increase by the change in the Consumer Price Index, not to exceed 1.5% of the current Base Rent.
| Price | $2,196,118.00 |
| Price / Unit | $0.00 |
| Gross Rent Multiplier | 0.00 |
| Proposed Loan Amount | $0.00 |
| Initial Investment | $2,196,118.00 |
Income |
Potential |
Current |
Expense |
Potential |
Current |
Total Expenses |
$ 0.00 |
$ 0.00 |
| Net Operating Income | $0.00 | $0.00 |
| Less Debt Service | $0 | $0 |
| Potential Net Cash Flow | $0.00 | $0.00 |
| Cash on Cash Return | 0.00 % | 0.00 % |
| Capitalization Rate | 0.00 % | 0.00 % |
Unit |
BR/BA |
Current Monthly Rent |
Potential Monthly Rent |
Status |
Lease Expires |
|
Totals |
$ 0.00 |
$ 0.00 |
||||