Net-Leased Wendy's
For Sale
Contact for pricing
4227 S Michigan Street, South Bend, IN 46614
Corporate, single-tenant Wendy’s drive-thru restaurant offered as an absolute triple net lease with 15 years remaining.
Property SizeContact for details
Days on Market119
Property Features for 4227 S Michigan Street
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(310) 691-1350
Listed By:
Kyle Gulock · License #CA 01861385
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 7:06AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
A corporate, single-tenant Wendy’s drive-thru restaurant is offered for sale at 4227 S Michigan Street, South Bend, IN 46614. The property is structured with absolute triple net lease terms, and the lease has approximately 15 years remaining. Rent is scheduled to increase by 10% every five (5) years.
This offering is available either individually or as part of a portfolio. The public remarks state the portfolio properties consistently achieve strong sales performance, and that store sales were trending positively with a reported 7.75% increase from 2018 to 2019.
Wendy’s is identified in the remarks as the #2 ranked fast-food burger chain in the U.S. in terms of system-wide sales, and as having nine consecutive years of system-wide same-store sales growth, along with three consecutive years of global net expansion.
This offering is available either individually or as part of a portfolio. The public remarks state the portfolio properties consistently achieve strong sales performance, and that store sales were trending positively with a reported 7.75% increase from 2018 to 2019.
Wendy’s is identified in the remarks as the #2 ranked fast-food burger chain in the U.S. in terms of system-wide sales, and as having nine consecutive years of system-wide same-store sales growth, along with three consecutive years of global net expansion.
Key Highlights
- Absolute triple net lease corporate, single‑tenant Wendy’s drive‑thru restaurant
- 15 years of lease term remaining
- Scheduled 10% rent increases every five (5) years
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
544k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 20%
Shops & Services 16%
Home Improvements & Furnishings 14%
Walmart
Superstores
106,945 visits/mo
0.4 miles
Chick-fil-A
Dining
57,625 visits/mo
0.2 miles
Menards
Home Improvements & Furnishings
44,204 visits/mo
0.4 miles
Texas Roadhouse
Dining
31,720 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
31,718 visits/mo
0.3 miles
Demographics for 46614, IN
29,917
Population
12,995
Households
2.3
Avg Household Size
43
Median Age
34%
College-Educated
93%
High-School Grad
53.2 sq mi
ZIP Area
562
Density / Sq Mi
$70,998
Median Household Income
$43,793
Median Earnings
$886
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Corporate, single-tenant Wendy’s drive-thru restaurant offered as an absolute triple net lease with 15 years remaining.
Where is this drive through restaurant located?
The property is located at 4227 S Michigan Street South Bend, IN.
What are key features of this property?
This property features: Absolute triple net lease corporate, single‑tenant Wendy’s drive‑thru restaurant; 15 years of lease term remaining; Scheduled 10% rent increases every five (5) years
