Recently Renovated Restaurant
For Sale
Contact for pricing
1421 N Main St, Clawson, MI 48017
Recently renovated restaurant with long-term tenant commitment.
Property Size2,444 SF
Price / SF$669.08
Days on Market138
Property Features for 1421 N Main St
General Information
Standard status
Active
Size
2,444 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$101,384
Building Details
Year Renovated
2021
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Sawyer Capital Partners
Listed By:
Jeff Sawyer · License #NJ 1224522
Source:
Crexi
Added: Mar 27
Changed: Aug 11
Last Checked: Aug 11 at 7:53PM
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 Sawyer Capital Partners
Investment Insights
Based on property information with market context.
This recently renovated restaurant is located on North Main Street, neighbored by other fast-food establishments and a recently developed residential complex. The operators have exercised their 10-year option, demonstrating a long-term commitment to the location. The lease is absolute net with scheduled rent increases and is cross-guaranteed by the parent corporate entity. The 10-year option maintains cap value for potential resale at the end of the base term, as well as assuring favorable financing. The property is run by an experienced operator with 24 locations throughout Michigan. The property size is 2444 square feet.
Key Highlights
- Experienced operator with 24 locations throughout Michigan.
- Recently renovated Wendy's with a newly exercised 10‑year option, demonstrating long‑term commitment.
- Absolute Net Lease with scheduled rent increases.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Shops & Services 8%
Electronics 2%
McDonald's
Dining
27,794 visits/mo
0.2 miles
Taco Bell
Dining
13,637 visits/mo
0.0 miles
Wendy's
Dining
11,301 visits/mo
0.0 miles
Arby's
Dining
9,053 visits/mo
0.1 miles
Tropical Smoothie Cafe
Dining
6,932 visits/mo
0.1 miles
Demographics for 48017, MI
11,353
Population
5,827
Households
1.9
Avg Household Size
39
Median Age
44%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,160
Density / Sq Mi
$86,935
Median Household Income
$62,650
Median Earnings
$1,255
Median Rent
$251,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Recently renovated restaurant with long-term tenant commitment.
Where is this drive through restaurant located?
The property is located at 1421 N Main St Clawson, MI.
What is the asking price?
The asking price for this property is $1,635,225.
What are key features of this property?
This property features: Experienced operator with 24 locations throughout Michigan.; Recently renovated Wendy's with a newly exercised 10‑year option, demonstrating long‑term commitment.; Absolute Net Lease with scheduled rent increases.
