Wendy’s

3176 W. Shore Drive | Holland | MI | 49424


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Confidentiality Agreement

Confidentiality agreement sub heading

I have read and agree to the Confidentiality Agreement

Agreement

property galery image

Property Highlights

    • NNN Lease
    • Original 20-Year Leases Commenced in 2006
    • Two 10-Year Options
    • Annual Rent Increases Begin on the 6th Anniversary of the Commencement Date

Property Details

  • Price: $ 2,196,118
  • Price Per SF: $ 716.28
  • Transaction Type: For Sale
  • Property Type: Retail
  • Building Size: 3,066 SF
  • Cap Rate: 6.75%
  • Year Built: 2004
  • Availability: Sold

Property Description

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.

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3D Tour



Financial Summary

Investment Highlights

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 & Expenses

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 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00