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847 S State St Caro, MI 48723

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Single-tenant Wendy’s in Caro, Michigan with long-term lease.

Property size:
2,414 SF
Lot size:
1.25 Acres

Property Features for 847 S State St

General Information

Standard status
Active
Size
2,414 SF
Lot size
1.25 Acres

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Listing Contact
David Hesano
David Hesano
Source: Crexi

Listing Agency: CBRE Listing Agent: David Hesano

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Freestanding Wendy’s Investment Property

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.
Location Intelligence

Current Use by Public Records

Wendy's Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Caro
County
Tuscola
State
Michigan
Longitude
-83.40557
Latitude
43.481924

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 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.
More about this property
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