Former Wendy's - For Sale or Lease
Former Wendy's | For Sale or Lease
Marketing description
Positioned at a highly visible hard-corner intersection in the heart of Sterling Heights, this former Wendy’s property presents an exceptional opportunity for investors and owner-users seeking a premier retail asset in one of Metro Detroit’s most active commercial corridors. Surrounded by national retailers, dense residential neighborhoods, and thriving business activity, the property benefits from outstanding visibility, strong traffic flow, and excellent accessibility. The well-maintained 3,120 SF building sits on approximately 0.918 acres and is strategically zoned C-2, allowing for a wide range of retail, restaurant, or service-oriented uses. Featuring modern construction, ample parking, and a flexible layout, the site offers strong long-term potential for a variety of commercial concepts. Located just minutes from Lakeside Mall and other major retail destinations, the property is supported by strong demographics, high household incomes, and a growing consumer base, making it an ideal location for businesses looking to establish a strong market presence or investors seeking a high-exposure retail opportunity in a thriving market.
Investment highlights
Rare Freestanding Corner Opportunity – Positioned on a signalized hard corner at Ryan Road and 18 Mile Road, providing exceptional visibility, multiple points of ingress/egress, and strong daily traffic exposure.
Turnkey Second-Generation Restaurant – Existing 3,120 SF building includes drive-thru infrastructure, reducing redevelopment costs and accelerating occupancy timelines for restaurant, coffee, medical, or retail users.
Redevelopment & Repositioning Potential – Situated on approximately 0.92 acres, the site offers flexibility for adaptive reuse, redevelopment, or conversion to a variety of retail, service, medical, or automotive concepts.
Strong Surrounding Retail Synergy – Located among national and regional retailers including CVS, Dollar Tree, Planet Fitness, Kroger, Chase Bank, McDonald's, Panera Bread, Meijer, and Walmart, creating consistent consumer traffic and cross-shopping opportunities.
Affluent and Dense Trade Area – More than 97,000 residents reside within a 3-mile radius with average household incomes exceeding $108,000, supporting a wide range of retail and service-oriented uses.
High-Barriers-to-Entry Location – Established Sterling Heights corridor with limited availability of freestanding retail pads and drive-thru opportunities, enhancing long-term value and tenant demand.
Excellent Accessibility – Full access from major thoroughfares with convenient customer parking and strong connectivity to surrounding residential neighborhoods and commercial districts.
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