Wendy's Drive-Through
For Sale
Contact for pricing
1570 N Mitchell St, Cadillac, MI 49601
Restaurant property offered with a new long-term NNN lease and no landlord responsibilities.
Property Size2,860 SF
Lot Size2.79 Acres
Days on Market143
Property Features for 1570 N Mitchell St
General Information
Standard status
Active
Size
2,860 SF
Lot size
2.79 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 5:52AM
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.
The Wendy’s restaurant comprises 2,860 square feet of building area on approximately 2.79 acres at 1570 N Mitchell Street in Cadillac, Michigan. The property is being offered with a new 20-year triple-net lease structured without landlord responsibilities.
Lease economics include annual increases beginning in Year 3, calculated as the lesser of CPI or 1.25%. The agreement also provides six five-year renewal options, extending the tenant’s contractual occupancy beyond the initial term. Lease performance is backed by a guaranty from Meritage Hospitality Group, identified as a 337-unit operator and the second-largest franchisee in the Wendy’s system.
Lease economics include annual increases beginning in Year 3, calculated as the lesser of CPI or 1.25%. The agreement also provides six five-year renewal options, extending the tenant’s contractual occupancy beyond the initial term. Lease performance is backed by a guaranty from Meritage Hospitality Group, identified as a 337-unit operator and the second-largest franchisee in the Wendy’s system.
Key Highlights
- Wendy’s restaurant with 2,860 square feet of building space
- Approximately 2.79 acres of land
- New 20‑year triple‑net lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 49601, MI
21,564
Population
10,734
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
220.0 sq mi
ZIP Area
98
Density / Sq Mi
$65,704
Median Household Income
$37,347
Median Earnings
$856
Median Rent
$166,500
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 - Restaurant property offered with a new long-term NNN lease and no landlord responsibilities.
Where is this drive through restaurant located?
The property is located at 1570 N Mitchell St Cadillac, MI.
What are key features of this property?
This property features: Wendy’s restaurant with 2,860 square feet of building space; Approximately 2.79 acres of land; New 20‑year triple‑net lease
