Freestanding Wendy’s Investment
847 S State St, Caro, MI 48723
Single-tenant Wendy’s in Caro, Michigan with long-term lease.
Type:Retail
Property size:
2,414 SFPrice / SF:
$837/SF- Added:
- Feb 4, 2026
- Days on Market:
- 100
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 847 S State St
General Information
- Standard status
- Active
- Size
- 2,414 SF
- Property subtype
- Retail
Listing agent David Hesano License #MI 6501300653
Listing office CBRE
Listing date Feb 4, 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 CBRE
HighLights
- Long‑term absolute net lease structure provides a passive income stream.
- Appreciable rental rate increases offer potential for increased returns.
- Located on the “Main Street” of Caro, a county‑seat community, ensuring high visibility and accessibility.
- Operated by a large, established franchisee (60+ units, Wen‑Well National).
- Healthy rent‑to‑sales ratio of approximately 7% indicates financial viability.
- Situated in a trade area with major national retailers (Walmart, Aldi, Marshall’s, AutoZone) driving consumer traffic.
Overview
This single-tenant Wendy’s investment property is located in the Thumb region of lower Michigan, directly fronting Main Street in the county-seat community of Caro. The freestanding property benefits from a long-term lease, rental rate increases, and an absolute net lease structure. The Wendy’s unit is operated by Wen-Well National, a franchisee with over 60 units, and ranks in the middle of Wendy’s locations in Michigan. The location has a rent-to-sales ratio of approximately 7%. Caro draws from a large trade area, serving as a central location for national grocers, retailers, and service providers. Major brands in the trade area include Walmart, Aldi, Marshall’s, and AutoZone. The property size is 2414 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
Location Insight
- Map
- Local Demand
- City
- Caro
- County
- Tuscola
- State
- Michigan
- Longitude
- -83.40557
- Latitude
- 43.481924
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Single-tenant Wendy’s in Caro, Michigan with long-term lease.
Where is this drive through restaurant located?
The property is located at 847 S State St Caro, MI.
What is the asking price?
The asking price for this property is $2,021,000.
What are key features of this property?
This property features: Long‑term absolute net lease structure provides a passive income stream.; Appreciable rental rate increases offer potential for increased returns.; Located on the “Main Street” of Caro, a county‑seat community, ensuring high visibility and accessibility.
