Wendy's Restaurant For
For Sale
Contact for pricing
4694 W River Drive NE, Comstock Park, MI 49321
Wendy’s NNN lease with over 11 years remaining.
Property Size3,793 SF
Price / SF$494.67
Days on Market174
Property Features for 4694 W River Drive NE
General Information
Standard status
Active
Size
3,793 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$117,267
Building Details
Tenancy
Single
Listing Agency:
S.L. Nusbaum Realty Co
(757) 282-6510
Listed By:
Doug Aronson · License #FL BK3274104
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 11 at 6:18PM
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 S.L. Nusbaum Realty Co
Investment Insights
Based on property information with market context.
The Wendy’s restaurant, situated at a signalized corner in Comstock Park, Michigan, presents a commercial real estate opportunity. This property benefits from high visibility and convenient access within the Comstock Park trade area, a suburb of Grand Rapids. The absolute NNN lease has more than 11 years remaining on its original term. The tenant is Meritage Hospitality Group, Inc, one of the largest Wendy’s franchisees in the country, operating more than 350 restaurants in 15 states. The property size is 3,793 square feet.
Key Highlights
- Absolute NNN lease with over 11 years remaining.
- Backed by Meritage Hospitality Group, Inc., one of the largest Wendy’s franchisees (operates over 350 restaurants).
- Located in Comstock Park, a suburb of Grand Rapids, Michigan (MSA pop: 1.17M).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 69%
Shops & Services 31%
Johnstone Supply
Home Improvements & Furnishings
1,446 visits/mo
0.1 miles
Penske Truck Rental
Shops & Services
751 visits/mo
0.2 miles
LL Flooring
Home Improvements & Furnishings
264 visits/mo
0.2 miles
Demographics for 49321, MI
16,764
Population
6,693
Households
2.5
Avg Household Size
36
Median Age
29%
College-Educated
91%
High-School Grad
26.3 sq mi
ZIP Area
637
Density / Sq Mi
$74,691
Median Household Income
$41,855
Median Earnings
$1,073
Median Rent
$244,300
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 - Wendy’s NNN lease with over 11 years remaining.
Where is this drive through restaurant located?
The property is located at 4694 W River Drive NE Comstock Park, MI.
What is the asking price?
The asking price for this property is $1,876,265.
What are key features of this property?
This property features: Absolute NNN lease with over 11 years remaining.; Backed by Meritage Hospitality Group, Inc., one of the largest Wendy’s franchisees (operates over 350 restaurants).; Located in Comstock Park, a suburb of Grand Rapids, Michigan (MSA pop: 1.17M).
