847 S State St Caro, MI 48723
Single-tenant Wendy’s in Caro, Michigan with long-term lease.
Property size:
2,414 SFLot size:
1.25 AcresProperty Features for 847 S State St
General Information
- Standard status
- Active
- Size
- 2,414 SF
- Lot size
- 1.25 Acres
Source:
Crexi
Listing Agency: CBRE Listing Agent: David Hesano
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
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 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.
