436 Main St Lapeer, MI 48446

This exceptional investment opportunity presents a Wendy's restaurant located at 436 S Main St, Lapeer, MI 48446. The property boasts a 2,273 square foot building situated on a 0.95-acre lot. The property is subject to a 20-year absolute triple-net (NNN) lease, originally commencing July 1, 2015, and expiring June 30, 2035, leaving approximately 10.6 years remaining on the base term. The current annual net operating income (NOI) is $119,070, representing a 5.85% cap rate based on the asking price of $2,035,384. The lease includes a 5% rent increase every five years throughout the base term and two 5-year renewal options. Built in 1976, this single-story building enjoys 100% occupancy. The tenant is Wendy's, subleased to WEN NATIONAL, LLC, a Wendy's operator with 40+ units. This Wendy's location has operated successfully for over 45 years, providing a strong track record and demonstrating the enduring appeal of this established quick-service restaurant. The property offers a compelling combination of long-term lease stability, consistent cash flow, and a proven operational history, making it an attractive addition to any investment portfolio. The property is offered at $895.46 per square foot.