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Wendy's - Availability Details

2315 Alpine Avenue, Grand Rapids, MI 49544

  • For Sale $2,495,000
  • Property Type Retail - Freestanding
  • Property Size 3,378 Sqft
  • Lot Size 0.54 Acre
  • Property Tenancy Single Tenant
  • Year Built 2012
  • Year Renovated 2017
  • Date Updated Aug 20, 2021
Grand Rapids is the second-largest city in Michigan, and the largest city in West Michigan. It is on the Grand River about 30 miles east of Lake Michigan. Grand Rapids is the county seat of Kent County with a population of 198,829. A historic furniture-manufacturing center, Grand Rapids is home to five of the world's leading office furniture companies, and is nicknamed Furniture City. Its more common modern nickname of River City refers to the landmark river for which it was named. The city and surrounding communities are economically diverse, based in the health care, information technology, automotive, aviation, and consumer goods manufacturing industries, among others. Grand Rapids is one of The New York Times 52 Places to Go in 2016. It was also ranked as the #1 U.S. travel destination in 2014. Forbes named Grand Rapids the #1 fastest growing economy in the U.S. based on Headlight Data. The Rapid City economy grew by 4.4% between 2015 and 2016, according to the BLS. To put that in perspective, the U.S. as a whole saw employment grow by about 1.7% over that same time period.
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Location

  • City Grand Rapids, MI
  • Neighborhood Northeast Walker
  • Zip Code 49544
  • Market Grand Rapids

Contacts

broker

Dan Lewkowicz

Encore Real Estate Investment Services

(248) 943-2838

Highlights

  • 20 Year Absolute Net Lease Signed Aug 2017
  • Absolute Net Lease - Zero Landlord Responsibilities
  • 5% Rental Increases Every 5 Years During Base Term and Options
  • 2017 Remodel To The New Wendy's Prototype
  • Leased to Meritage Hospitality Group - The Largest Wendy's Franchisees in the Country
  • Over 25,000 Vehicles/Day Along Alpine Avenue
  • Over 192,000 People Within 5 Miles of Subject Property | 5.17% Projected Growth by 2022
  • Average Household Income in 5 Mile Radius Exceeds $60,00

Frequently Asked Questions

What year was Wendy's built and finished?

Wendy's was completed in 2012.

Contact Listing Broker

broker

Dan Lewkowicz

Encore Real Estate Investment Services

(248) 943-2838

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