Wendy's
Abs. NNN | Meritage Guaranty (350+ Unit Operator)
Marketing description
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Wendy’s restaurant located at 4694 W River Dr NE in Comstock Park, Michigan, a suburb of Grand Rapids (MSA pop: 1.17M). Wendy’s is a long‑standing, nationally recognized quick‑service restaurant brand with a strong corporate and franchise presence throughout the United States.
The subject Wendy’s sits at a signalized corner, offering excellent visibility and convenient access to both the store and within the Comstock Park trade area.
The Absolute NNN lease has more than 11 years remaining on its original term and is backed by Meritage Hospitality Group, Inc, one of the largest Wendy’s franchisees in the country. Meritage operates more than 350 restaurants in 15 states.
Investment highlights
Absolute NNN lease with annual rent increases.
11+ years remaining on initial term.
Operated by 350+-unit franchisee.
Guaranteed by publicly-traded entity (Meritage Hospitality Group, Inc. OTC: MHGU)
Signalized corner location.
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