Wendy's
Retail | 6.25% CAP | 3,324 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 3805 Covington Rd, Kalamazoo, MI 49001. The site consists of roughly 3,324 rentable square feet of building space on an estimated 1.34-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $121,000 and has scheduled increases of lesser of change in CPI or 1.50% annually.
Investment highlights
Strong Franchisee Guarantee | Lease guaranteed by Meritage Hospitality Group, a proven operator with more than 388 Wendy’s locations, making them one of the largest and most experienced Wendy’s franchisees worldwide.
Signalized Corner Location | Prominently positioned at the corner of Covington Road and I-94, the property benefits from excellent visibility, convenient ingress and egress, and strong exposure to daily traffic from both local and regional travelers.
Prime Freeway Corridor | Strategically positioned just off I-94, one of Michigan’s major east-west interstates, with over 28,000 vehicles per day (ADTC), providing excellent visibility and access to both local and regional traffic.
Strong Surrounding Retail and Hospitality Presence | Neighboring national tenants such as McDonald’s, Subway, Circle K, and Speedway, along with hotels including Four Points by Sheraton, Fairfield Inn & Suites, and Quality Inn, driving consistent customer activity throughout the day.
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