About This Restaurant
Investment Highlights
The tenant recently completed a renovation to the property, providing value with renovations and improvements that an investor will benefit from. This location benefits from the summer travelers driving north on Interstate 75, which runs from Northern Michigan all the way through Detroit. The tenant is responsible for all expenses providing an investor with passive income and no landlord responsibilities. HIGH VISIBILTY LOCATION ? The subject property sits on the main retail corridor of Grayling off I-75 which sees ?25,719 VPD. Wendy?s continues to be a premier restaurant brand with 6,500+ restaurants in the United States and located in 29 countries worldwide. HEALTHY RENT TO SALES RATIO ? Reach out to broker for more information.
Executive Summary
Matthew M. FitzgeraldLicense No. 6505432273 (MI)(866) 889-0550Matthews Real Estate Investment Services, Inc1600 West End,Ste. 1500 Nashville, TN 37203
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,140
- Building Class C
- Year Built 1979
- Price 1,467,426
- Price Per SF 686
- Cap Rate 6.50
- NOI 95,382
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.02
- Land Acres 2.30 AC
Property Taxes
| Parcel Number | 070-017-006-123-00 | Improvements Assessment | $27,600 |
| Land Assessment | $203,900 | Total Assessment | $231,500 |
| Date Created: | 2024-07-16 04:16:18 | Last Updated: | 2024-07-16 04:16:18 |
| Address: | 2141 S I 75 Business Loop , Grayling, Michigan, 49738 | ||