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1162 Washington Ave, Holland, MI, 49423

Wendy’s
$1,938,000

Key Information

Cap Rate
6.1%
Year Built
2020
Term Remaining
±14.5 Yrs
Type
Retail
NOI
$118,231
Leasable Area
2,584

Highlights

Long-Term Absolute NNN Lease

  • There are over ±14.5 years remaining on an absolute triple-net lease with zero landlord responsibilities, providing a truly passive investment with annual increases.

New Construction Drive-Thru

  • This 2020 new development is Wendy’s new prototype building, providing an investor with a top-quality property. The property has great access and visibility with 2 curb cuts and sitting at a signalized intersection.

Strong Lease Guarantor

  • Lease guaranteed by Meritage Hospitality Group Inc., one of the largest Wendy’s franchisees in the U.S., operating 385+ units across 16 states and generating $668 million in 2024 revenue. Headquartered in Grand Rapids, Michigan, with 12,000+ employees, Meritage’s scale and operational experience provide exceptional tenant stability.

Prime Location & Visibility

  • Situated just off the off-ramp of US-31 and Washington Ave, directly across from Family Fare Super Market, with combined traffic counts exceeding 42,000+ vehicles per day (highway traffic included).

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203