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    620 N M 140 Watervliet, MI 49098

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    For Sale
    $2,477,679

    Freestanding restaurant property with a long-term triple net lease.

    Property size:
    2,800 SF
    Lot size:
    0.80 Acres

    Property Features for 620 N M 140

    General Information

    Size
    2,800 SF
    Lot size
    0.80 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Watervliet Restaurant For Sale

    This 2,800-square-foot property is for sale and is currently operating as a Wendy's restaurant. The property is subject to a 20-year triple net lease, under which the landlord has zero lease responsibilities. The lease includes annual rental increases, with the lesser of the change in CPI or 1.50%. Wendy's is the world's number three hamburger chain.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watervliet
    County
    Berrien
    State
    Michigan
    Longitude
    -86.262228
    Latitude
    42.181066

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    FAQs

    What type of property is this?
    Drive through restaurant - Freestanding restaurant property with a long-term triple net lease.
    Where is this drive through restaurant located?
    The property is located at 620 N M 140 Watervliet, MI.
    What is the asking price?
    The asking price for this property is $2,477,679.
    What are key features of this property?
    This property features: - 20-Year Triple Net Lease (NNN) - Enjoy truly passive income with landlord having zero lease responsibilities.; - Strong Brand Recognition - Benefit from the stability of Wendy's, the World's number three hamburger chain.; - Attractive Rental Increases - Income growth potential with annual increases tied to CPI or 1.50%, whichever is less.
    (332) 345-2408
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    620 N M 140 Watervliet, MI 49098
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    Watervliet, MI 49098
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    620 N M 140 Watervliet, MI 49098
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