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Freestanding Drive-Thru QSR Net Lease
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3176 W Shr Dr, Holland, MI 49424

Single-tenant freestanding QSR with drive-thru, dual curb cuts, and an absolute NNN lease with 17+ years remaining.

Property Size3,378 SF
Lot Size1.00 Acre
Price / SF$810.54
Days on Market124

Property Features for 3176 W Shr Dr

General Information

Standard status Active
Size 3,378 SF
Class A
Total Parking Spaces 40
Lot size 1.00 Acre
Property subtype Retail
Zoning C-2
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $169,151

Additional Details

Traffic Count 55,000 vehicles/day

Building Details

Year Built 2004
Year Renovated 2004
Buildings 1
Tenancy Single
Listing Agency: Matthews
Listed By: Patrick Forkin · License #475118789
Source: Crexi
Added: Apr 20 Changed: Aug 8 Last Checked: Jul 21 at 1:49PM

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 Matthews

Investment Insights

Based on property information with market context.

Wendy’s at 3176 W Shore Dr in Holland, MI is a single-tenant, freestanding QSR offered as a net-leased property. The building is approximately 3,378 SF and sits on about 1.00 acre with a drive-thru, dual curb cuts, 40 surface parking spaces, and over 400 feet of frontage.

The site is positioned at a signalized intersection on W Shore Dr and Riley St, with exposure directly across from Meijer. The property also features pylon signage and is described as benefiting from visibility to more than 55,000 vehicles per day.

The asset is backed by a long-term absolute NNN lease with approximately 17+ years remaining. The lease is guaranteed by Meritage Hospitality Group, a Wendy’s franchisee operating approximately 385 locations across 16 states.

Key Highlights

  • 3,378 SF freestanding single‑tenant Wendy’s QSR built in 2004
  • Drive‑thru site on ~1.00 acre with dual curb cuts and 40 surface parking spaces
  • Over 400 feet of frontage at the signalized intersection of W Shore Dr and Riley St

Property Analytics

Current Use

Wendy's Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Electrical Service Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

55,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

643
Businesses Nearby

Demographics for 49424, MI

47,963
Population
19,906
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
57.3 sq mi
ZIP Area
837
Density / Sq Mi
$82,353
Median Household Income
$41,316
Median Earnings
$1,157
Median Rent
$270,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Single-tenant freestanding QSR with drive-thru, dual curb cuts, and an absolute NNN lease with 17+ years remaining.
Where is this drive through restaurant located?
The property is located at 3176 W Shr Dr Holland, MI.
What is the asking price?
The asking price for this property is $2,738,000.
What are key features of this property?
This property features: 3,378 SF freestanding single‑tenant Wendy’s QSR built in 2004; Drive‑thru site on ~1.00 acre with dual curb cuts and 40 surface parking spaces; Over 400 feet of frontage at the signalized intersection of W Shore Dr and Riley St
More about this property
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