3990 Wilder Rd Bay City, MI 48706-2157

Property Details for 3990 Wilder Rd

Year built

1991

Lot size

0.78 lot acres

Property size

652 SF

Zone code

C-2B HWY BUS

Property type

Drive through restaurants

APN

160-017-226-033-00

APU

16001722603300

Description

This exceptional investment opportunity presents a 15-year absolute NNN sale-leaseback of a Checkers and Rally's restaurant located at 3990 Wilder Rd, Bay City, MI 48706. The property, built in 1991, encompasses 652 square feet on a 0.78-acre lot in a high-traffic, commercial zone. The single-story building enjoys 100% occupancy with a strong, experienced franchisee operator managing a portfolio of 65 units. The initial annual net operating income (NOI) is $120,000, representing a 6.00% cap rate on the $2,000,000 asking price ($3,067.48/sq ft). The lease features a 15-year initial term with four, five-year renewal options, including a 10% rent increase every five years. This strategically located property benefits from its position on a hard-corner, lighted intersection with high visibility and proximity to major retailers such as Bob Evans, Marriott Courtyard, UPS, Mattress Firm, Taco Bell, Great Clips, and the Bay City Town Center mall (housing Marshalls, Bath & Body Works, Ollie's, and PetSmart). The sale includes fee simple ownership. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential in a prime retail location. The property's consistent performance and continued year-over-year sales growth make it an attractive investment for discerning buyers. The lease ensures minimal landlord responsibilities, providing a passive income stream with built-in rent escalations.