Long-term absolute NNN lease

• There are over 17.5 years remaining on an absolute triple-net lease with zero landlord responsibilities, providing a truly passive investment with annual increases.

Strong corporate guarantee

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

Prime location & visibility

• Situated near the “Main and Main” of US-31 and Riley St, directly across from Meijer, with combined traffic counts exceeding 55,000 vehicles per day.
• Surrounded by a full lineup of major national retailers including Meijer, Target, Dick’s Sporting Goods, Lowe’s, ALDI, Best Buy, Michaels, and Hobby Lobby, among others.
• Nearby national restaurants include Chick-Fil-A, Chipotle, Starbucks, Panera, Culvers, Panda Express, McDonald’s, and many others.

Asset profile & site amenities

• The approximately 3,378 SF freestanding building with a drive-thru is situated on about 1.00 acres, featuring dual curb cuts and over 400 feet of frontage on Riley Street and W Shore Drive.
• Direct line-of-sight with visibility from US-31 and enhanced exposure through large pylon signage. Signalized intersection access and a drive-thru configuration align with the needs of high-performing fast-casual retail operators.