18001 E 9 Mile Rd Eastpointe, MI 48021
For Lease
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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.
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Wendy's Restaurant Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Eastpointe, MIEastpointe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.