Drive-Through Restaurant
12150 MARKET PLACE DR Birch Run, MI 48415
12150 MARKET PLACE DR, Birch Run, MI, 48415
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For Sale
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Purpose-built Wendy’s drive-through built in 2016 with NNN investment structure and tenant operating since 2017.
Property Size3,325 SF
Price / SF$249.32
Days on Market24
Property Features for 12150 MARKET PLACE DR
General Information
- Standard status
- Active
- Size
- 3,325 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing agency
Altitude Commercial Real Estate
(248) 781-8076
Listed by
George Abro · License #MI 6502432561
Source
Crexi
Added: Jun 29 Updated: Jul 21 at 4:03AM Checked: Jul 21 at 4:03AM
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 Altitude Commercial Real Estate
Investment Insights
Based on property information with market context.
This purpose-built Wendy’s drive-through investment is offered on an NNN basis. The property was built in 2016, and Wendy’s has operated since 2017. The current rent is described as $73,122 annually, and the offering includes additional options that increase rent every five years upon extension by Wendy’s.
The asset is located at 12150 Market Place Dr in Birch Run, MI, with the property specifically constructed to support a drive-through restaurant use.
From an investor perspective, the structure is presented as a long-term, purpose-built restaurant facility with rent growth tied to renewal extensions by the tenant.
The asset is located at 12150 Market Place Dr in Birch Run, MI, with the property specifically constructed to support a drive-through restaurant use.
From an investor perspective, the structure is presented as a long-term, purpose-built restaurant facility with rent growth tied to renewal extensions by the tenant.
Key Highlights
- Purpose‑built Wendy’s drive‑through built in 2016
- NNN investment structure with Wendy’s operating since 2017
- Tenant rent listed as $73,122 annually
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.9k | $18.00 |
| − Vacancy | −$2.5k | −$0.76 |
| EGI | $57.3k | $17.24 |
| − OpEx | −$14.3k | −$4.31 |
| NOI | $43.0k | $12.93 |
3,325 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$614.3K
$537.5K – $716.7K
NOI $43,002 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Purpose-built Wendy’s drive-through built in 2016 with NNN investment structure and tenant operating since 2017.
Where is this drive through restaurant located?
The property is located at 12150 MARKET PLACE DR Birch Run, MI.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Purpose‑built Wendy’s drive‑through built in 2016; NNN investment structure with Wendy’s operating since 2017; Tenant rent listed as $73,122 annually
