Wendy's Restaurant Investment
1865 East Sherman Boulevard, Muskegon, MI 49444
Single-tenant Wendy's in Muskegon, MI with long-term lease.
Type:Retail
Property size:
3,193 SFLot size:
1.13 AcresPrice / SF:
$569/SF- Added:
- May 12, 2026
- Days on Market:
- 17
- Last Refresh:
- May 14 at 9:37 pm
Property Features for 1865 East Sherman Boulevard
General Information
- Standard status
- Active
- Size
- 3,193 SF
- Lot size
- 1.13 Acres
- Property subtype
- Retail
Listing agent Jason Denham License #CA 02001094
Listing office The Kase Group
Listing date May 12, 2026
Source Crexi
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
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.
- Strong traffic counts: over 64,000 vehicles per day on US‑31 and nearly 24,000 on Sherman Boulevard.
- Located in a well‑established retail area with nearby retailers including Walmart, Sam's Club, and Lowe's.
- Muskegon is experiencing significant economic growth with over $800 million in development projects.
Overview
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.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Muskegon
- County
- Muskegon
- State
- Michigan
- Longitude
- -86.1982686
- Latitude
- 43.2053384
Nearby Similar for Sale
FAQs
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 $1,818,181.
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.
