Wendy's Restaurant Investment
For Sale
Contact for pricing
1865 East Sherman Boulevard, Muskegon, MI 49444
Single-tenant Wendy's in Muskegon, MI with long-term lease.
Property Size3,193 SF
Lot Size1.13 Acres
Price / SF$501.10
Days on Market112
Property Features for 1865 East Sherman Boulevard
General Information
Standard status
Active
Size
3,193 SF
Lot size
1.13 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$100,000
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
The Kase Group
(925) 390-8518
Listed By:
Jason Denham · License #CA 02001094
Source:
Crexi
Added: May 12
Changed: Aug 26
Last Checked: Aug 29 at 2:06PM
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 The Kase Group
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a Wendy's restaurant in Muskegon, Michigan. The 3,193 square foot single-tenant building is situated on a 1.13 acre lot. The property is supported by a recently extended 15-year lease, designed to provide a stable, long-term income stream. The lease includes four, 5-year options to renew, with rent increases scheduled every 5 years. The tenant is backed by Meritage Hospitality Group, Inc., a large Wendy's franchisee with over 375 locations across 16 states. The location benefits from its position one block from the US-31 off-ramp along a main east-west commercial corridor, offering excellent visibility and accessibility. Traffic counts are substantial, with over 64,000 vehicles per day on US-31 and nearly 24,000 on Sherman Boulevard. The property is located in a well-established retail area that links surrounding neighborhoods to major shopping destinations, contributing to consistent daily traffic. Nearby retailers include Walmart, Sam's Club, Lowe's, Taco Bell, McDonald's, and Arby's. Muskegon is experiencing economic growth, with over $800 million in development projects, including expansions from companies such as Chobani and GE Aerospace. The current net operating income (NOI) is $100,000.
Key Highlights
- Recently extended 15‑year lease provides stable, long‑term income.
- Lease is backed by Meritage Hospitality Group, Inc., one of the largest Wendy's franchisees.
- Excellent visibility and easy access, located one block off US‑31.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
468k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 43%
Dining 21%
Shops & Services 20%
Home Improvements & Furnishings 10%
Walmart
Superstores
95,817 visits/mo
0.3 miles
Sam's Club
Superstores
87,594 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
32,345 visits/mo
0.4 miles
Sam's Club Gas Station
Shops & Services
27,266 visits/mo
0.2 miles
McDonald's
Dining
26,284 visits/mo
0.1 miles
Demographics for 49444, MI
26,281
Population
11,635
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
1,064
Density / Sq Mi
$52,143
Median Household Income
$34,423
Median Earnings
$941
Median Rent
$159,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Single-tenant Wendy's in Muskegon, MI with long-term lease.
Where is this drive through restaurant located?
The property is located at 1865 East Sherman Boulevard Muskegon, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Recently extended 15‑year lease provides stable, long‑term income.; Lease is backed by Meritage Hospitality Group, Inc., one of the largest Wendy's franchisees.; Excellent visibility and easy access, located one block off US‑31.
