Checkers NNN Restaurant
1325 28TH STREET SW, Wyoming, MI 49509
For Sale
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Both locations have absolute NNN leases with scheduled rent escalations.
Property SizeContact for details
Days on Market27
Property Features for 1325 28TH STREET SW
General Information
Standard status
Property subtype
Financials
Asking Price
Cap Rate
Additional Details
Tenant in Place
Building Details
Buildings
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Max Lippitt · License #MI 6501395927
(248) 351-2086
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 4:39PM
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 Landmark Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
The two Checkers restaurant properties have undergone renovation and are offered together or separately. Each is subject to a 20-year absolute NNN lease, with more than 18 years remaining and rent increases of 10% every five years. The portfolio is located along 28th Street, with one site in Wyoming and the other in Grand Rapids, Michigan. The leases carry a 7.00% cap rate.
Key Highlights
- Two Checkers restaurant locations offered as a portfolio or individually
- Newly renovated properties
- 20‑year absolute NNN leases with 18+ years remaining
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Trade Area within ½ mile
520
Businesses Nearby
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Business Placement
Demographics for 49509, MI
28,340
Population
10,611
Households
2.7
Avg Household Size
34
Median Age
19%
College-Educated
85%
High-School Grad
7.3 sq mi
ZIP Area
3,882
Density / Sq Mi
$64,981
Median Household Income
$38,356
Median Earnings
$983
Median Rent
$183,400
Median Home Value
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Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Both locations have absolute NNN leases with scheduled rent escalations.
Where is this nnn property located?
The property is located at 1325 28TH STREET SW Wyoming, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two Checkers restaurant locations offered as a portfolio or individually; Newly renovated properties; 20‑year absolute NNN leases with 18+ years remaining
