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Property profile & analytics
FOR LEASE
Drive through restaurants

18001 E 9 Mile Rd Eastpointe, MI 48021

2,559 SF 0.8 ac lot Built 1978
Entity Owned Free & Clear
Property ID
US43-1749563
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1978
Total area 2,559 SF
Lot 0.8 ac (35,022 SF)
Zoning code B-3
APN 02-14-29-451-005
UPID US43-1749563
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$603k
Blend (final) Blend
$605k
Owner & transaction history
Wendys Condos LLC
Wendys Condos LLC
since 2025
7 recorded transactions
2025
Price N/A
2024
$2.3M
2020
Price N/A
2018
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-3 · Eastpointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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