Wendy's
Retail | 6.50% CAP | 2,991 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 250 North River Avenue, Holland, MI 49464. The site consists of roughly 2,991 rentable square feet of building space on an estimated 0.8-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $111,000 and has scheduled increases of 1.50% Annually.
Investment highlights
High-Traffic Corner Location | Situated at N River Ave & W Lakewood Blvd with ±25,000 ADTC, providing strong visibility and consistent daily traffic flow.
Franchisee Guaranteed by Meritage Hospitality Group | Guaranteed by Meritage Hospitality Group, a publicly traded Wendy’s franchisee with a large, diversified restaurant portfolio.
Strong Retail Synergy | Surrounded by major retailers including Meijer, Aldi, Target, Walmart, Starbucks, Home Depot, Best Buy, and national dining brands.
Growing Population Base | Population within 5 miles is projected to exceed 104,000 by 2029, reflecting steady long-term residential growth.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
