Freestanding Wendy’s Investment
For Sale
Contact for pricing
Pending
847 S State St, Caro, MI 48723
Single-tenant Wendy’s in Caro, Michigan with long-term lease.
Property Size2,414 SF
Days on Market197
Property Features for 847 S State St
General Information
Standard status
Pending
Size
2,414 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$119,196
Building Details
Tenancy
Single
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 20 at 5:14AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 25%
McDonald's
Dining
24,680 visits/mo
0.2 miles
Speedway
Shops & Services
12,927 visits/mo
0.1 miles
Burger King
Dining
12,681 visits/mo
0.2 miles
Taco Bell
Dining
11,309 visits/mo
0.2 miles
Wendy's
Dining
10,477 visits/mo
0.1 miles
Demographics for 48723, MI
11,953
Population
5,175
Households
2.3
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
131.8 sq mi
ZIP Area
91
Density / Sq Mi
$56,618
Median Household Income
$40,543
Median Earnings
$737
Median Rent
$131,300
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 - 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.
