18001 9 Mile RdEastpointe, MI 48021

Property Details for 18001 9 Mile Rd

Year built

1978

Lot size

0.80 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $592,948

  6.5%

  $547,337

  7%

  $508,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $248,944

  Geo Method

  $248,944

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,049,540

  Mixed-Use / Specialty

  $552,584

  Hospitality / Lodging

  $414,786

  Office

  $556,799

  Institutional / Educational

  $577,038

  Residential Income

  $675,134

  Multifamily

  $769,810

  Automotive / Energy

  $494,604

  Parking / Income-Based Land

  $163,569

  Restaurant / Food Service

  $302,767

  Healthcare / Senior Housing

  $559,282

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.4656

Longitude

-82.9349

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].