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    436 S Main St Lapeer, MI 48446

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    For Sale
    $1,905,120

    Long-term NNN lease with corporate guarantee in Lapeer, Michigan.

    Property size:
    2,273 SF
    Lot size:
    1.70 Acres

    Property Features for 436 S Main St

    General Information

    Size
    2,273 SF
    Lot size
    1.70 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

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

    Overview

    Established Wendy's Restaurant For Sale

    The property is a Wendy’s restaurant located at 436 South Main Street in Lapeer, Michigan. It consists of approximately 2,273 rentable square feet of building space on an estimated 0.95-acre parcel of land. The property is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 1st, 2015, with roughly 11 years of the base lease term remaining. The current annual rent is $119,070, with scheduled increases of 5% every 5 years throughout the base term and in each of the two 5-year renewal options. The lease has a corporate guarantee from Wendy’s Properties, LLC, and is subleased to WEN NATIONAL, LLC, which operates over 40 Wendy’s units. The Wendy’s has been operating at this location for over 45 years. A remodel is anticipated before the end of 2024.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.31851
    Latitude
    43.05345

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    FAQs

    What type of property is this?
    Drive through restaurant - Long-term NNN lease with corporate guarantee in Lapeer, Michigan.
    Where is this drive through restaurant located?
    The property is located at 436 S Main St Lapeer, MI.
    What is the asking price?
    The asking price for this property is $1,905,120.
    What are key features of this property?
    This property features: - Long-term absolute NNN lease with approximately 11 years of base lease term remaining.; - Corporate guarantee from Wendy’s Properties, LLC.; - Established operating history of over 45 years at this location.
    (332) 345-2408
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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
    436 S Main St Lapeer, MI 48446
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