Alpena Freestanding Wendy’s Investment
For Sale
Contact for pricing
Pending
1036 W Chisholm St, Alpena, MI 49707
Freestanding Wendy’s in Alpena, MI with long-term lease.
Property Size2,907 SF
Days on Market196
Property Features for 1036 W Chisholm St
General Information
Standard status
Pending
Size
2,907 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$123,840
Building Details
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 18 at 6:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
Located in Alpena, Michigan, this freestanding Wendy’s investment property features a long-term lease, rental rate increases, and a net lease structure. The property has been operating since 1984. Operated by Wen-Well National, a franchisee with over 50 units, this location ranks in the top third of all Wendy’s locations in Michigan, according to Placer.ai. Alpena is a growing retail market with recent store openings from Aldi and Marshall’s. The rent to sales ratio is less than seven percent (7%). The property size is 2907 square feet.
Key Highlights
- Long‑term absolute net lease structure provides a passive investment.
- Operated by a large and established 50+ unit franchisee, Wen‑Well National.
- Unit ranks in the top third of all Wendy’s locations in Michigan.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
McDonald's
Dining
16,468 visits/mo
0.1 miles
Wendy's
Dining
11,331 visits/mo
0.1 miles
Shell
Shops & Services
7,905 visits/mo
0.0 miles
BP
Shops & Services
7,350 visits/mo
0.0 miles
Little Caesars Pizza
Dining
6,177 visits/mo
0.1 miles
Demographics for 49707, MI
22,243
Population
11,974
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
215.4 sq mi
ZIP Area
103
Density / Sq Mi
$50,699
Median Household Income
$32,208
Median Earnings
$642
Median Rent
$134,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding Wendy’s in Alpena, MI with long-term lease.
Where is this drive through restaurant located?
The property is located at 1036 W Chisholm St Alpena, MI.
What is the asking price?
The asking price for this property is $2,153,739.
What are key features of this property?
This property features: Long‑term absolute net lease structure provides a passive investment.; Operated by a large and established 50+ unit franchisee, Wen‑Well National.; Unit ranks in the top third of all Wendy’s locations in Michigan.
