4227 S Michigan Street South Bend, IN 46614

Listing agency SURMOUNT Show Phone

Listed by Kyle Gulock · License #CA 01861385

Source Crexi

Added: Apr 12 Updated: Jul 21 at 1:30AM Checked: Jul 21 at 7:06AM

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Investment Insights

Based on property information with market context.

A corporate, single-tenant Wendy’s drive-thru restaurant is offered for sale at 4227 S Michigan Street, South Bend, IN 46614. The property is structured with absolute triple net lease terms, and the lease has approximately 15 years remaining. Rent is scheduled to increase by 10% every five (5) years.

This offering is available either individually or as part of a portfolio. The public remarks state the portfolio properties consistently achieve strong sales performance, and that store sales were trending positively with a reported 7.75% increase from 2018 to 2019.

Wendy’s is identified in the remarks as the #2 ranked fast-food burger chain in the U.S. in terms of system-wide sales, and as having nine consecutive years of system-wide same-store sales growth, along with three consecutive years of global net expansion.

Key Highlights

• Absolute triple net lease corporate, single‑tenant Wendy’s drive‑thru restaurant
• 15 years of lease term remaining
• Scheduled 10% rent increases every five (5) years

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FAQs

What type of property is this?

Drive through restaurant - Corporate, single-tenant Wendy’s drive-thru restaurant offered as an absolute triple net lease with 15 years remaining.

Where is this drive through restaurant located?

The property is located at 4227 S Michigan Street South Bend, IN.

What are key features of this property?

This property features: Absolute triple net lease corporate, single‑tenant Wendy’s drive‑thru restaurant; 15 years of lease term remaining; Scheduled 10% rent increases every five (5) years