18001 9th Mile Rd Eastpointe, MI 48021-1868
- Drive through restaurants
- 2,559 SF
- 0.80 lot acres
May 01, 2025
Current Use by Public Records
- Wendy's / Fast Food Restaurant / Hamburger Restaurant
Property Details for 18001 9th Mile Rd
- Year built
- 1978
- Lot size
- 0.80 lot acres
- Property size
- 2,559 SF
- Zone code
- B-3
- Property type
- Drive through restaurants
- APN
- 02-14-29-451-005
- APU
- 21429451005
Description
This exceptional investment opportunity features a Wendy's restaurant located at 18001 E 9 Mile Rd, Eastpointe, MI 48021, in Macomb County. The property boasts a fee-simple ownership structure and comprises a 3,154-square-foot building situated on a 0.8-acre lot. Built in 1986, this established QSR operates under a 20-year triple-net (NNN) lease, eliminating landlord responsibilities. The current annual net operating income (NOI) is $156,000, yielding a 5.60% cap rate at an asking price of $2,785,714 ($883.23 per square foot). The lease includes annual rent increases, with the lesser of a change in the Consumer Price Index (CPI) or 1.50% applied annually, providing consistent income growth. The franchisee, Meritage Hospitality Group, is a significant and experienced operator with a substantial portfolio, mitigating risk. This presents a compelling opportunity for investors seeking a stable, high-yield, long-term investment in a well-established quick-service restaurant brand. The property's location in Eastpointe, Michigan offers strong visibility and accessibility. This is a turnkey investment with minimal management requirements.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9349
- Latitude
- 42.4656
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
