56,192 Square Foot Retail Space For Sale @ 847 S State St

The Jonna Group of Marcus & Millichap is pleased to exclusively market for sale a Wendy's located in Caro, Michigan. This offering presents a unique opportunity to acquire a corporate backed Wendy's. Approximately 85% of Wendy's restaurants are franchised, so this is an exceptional opportunity to own a corporate-backed store. Wendy' s is on an Absolute NNN lease, leaving zero landlord responsibilities. Wendy's has 15+ years remaining on its base term, with rental increases of 5% every 5 years as well as in the option periods. The offering consists of 2,414 square feet of GLA. The 1.29 acre property is off of the busy retail road of South State Street, near a heavily concentrated retail area. The offering is located in one of the prime retail hubs of Caro, with national tenants in the immediate vicinity including Burger King, McDonald's, Pizza Hut, Taco Bell,Little Caesars, Subway, Speedway, Independent Bank, Ace Hardware, AT&T, Goodwill, and many more.