Triple-Net Wendy’s
For Sale
Contact for pricing
19100 Kelly Rd, Detroit, MI 48224
Wendy’s subject to a new 20-year absolute triple-net lease with scheduled annual rent increases.
Property Size2,671 SF
Lot Size0.55 Acres
Days on Market119
Property Features for 19100 Kelly Rd
General Information
Standard status
Active
Size
2,671 SF
Lot size
0.55 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 9:30AM
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.
Marcus & Millichap presents this Wendy’s for sale, operated under a new 20-year absolute triple-net (NNN) lease that commenced July 1, 2021. The property includes approximately 2,671 rentable square feet of building space on an estimated 0.55-acre parcel of land. Rent is currently set at $120,000 annually, with scheduled increases that take effect starting in Year 3 and continue throughout the base term and each of the six 5-year renewal options. The annual rent growth is structured as the lesser of CPI change or 1.25% each year.
The asset is located at 19100 Kelly Road in Detroit, Michigan 48224.
This offering is presented as an NNN restaurant investment with an absolute triple-net structure and long-term lease terms through the renewal periods.
The asset is located at 19100 Kelly Road in Detroit, Michigan 48224.
This offering is presented as an NNN restaurant investment with an absolute triple-net structure and long-term lease terms through the renewal periods.
Key Highlights
- Wendy’s at 19100 Kelly Road, Detroit, MI with 2,671 rentable SF building on an estimated 0.55‑acre parcel
- New 20‑year absolute triple‑net (NNN) lease commenced July 1, 2021
- Current annual rent is $120,000
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
Wendy's
Dining
12,081 visits/mo
0.0 miles
Little Caesars Pizza
Dining
7,683 visits/mo
0.1 miles
AutoZone
Shops & Services
4,026 visits/mo
0.0 miles
SUBWAY
Dining
1,696 visits/mo
0.4 miles
Liberty Tax
Shops & Services
673 visits/mo
0.2 miles
Demographics for 48224, MI
39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Wendy’s subject to a new 20-year absolute triple-net lease with scheduled annual rent increases.
Where is this nnn property located?
The property is located at 19100 Kelly Rd Detroit, MI.
What are key features of this property?
This property features: Wendy’s at 19100 Kelly Road, Detroit, MI with 2,671 rentable SF building on an estimated 0.55‑acre parcel; New 20‑year absolute triple‑net (NNN) lease commenced July 1, 2021; Current annual rent is $120,000
