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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

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.
More about this property
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