2315 Alpine Avenue Northwest, Grand Rapids, Michigan, USA
$2,500,000 5.00% Cap 3,378 sq ft Representative Photo Print This Page


2315 Alpine Avenue Northwest, Grand Rapids, Michigan, USA

Price: $2,500,000
Cap Rate: 5.00%
Net Operating Income: $125,000
Square Footage: 3,378
Lot Size: 0.54 AC
Market: West Michigan
Renovated: 2017

Absolute NNN LeaseEstablished FranchiseeExcellent Access and VisibilityHeavily Trafficked LocationLocated on a Major Commercial ThoroughfareNewly RenovatedStrong and Experienced FranchiseeZero Landlord Obligations

The subject property is a 3,378 square-foot Wendy’s located in Grand Rapids, Michigan. The asset is leased to Meritage Hospitality Group - The Largest Wendy’s Franchisees in the Country. This property had an image update in 2017 to the new Wendy’s prototype. This Wendy’s benefits from over 25,000 Vehicles/Day Along Alpine Avenue. It also benefits from neighboring retailers like Meijer, KFC, Arby’s, O’Reilly Auto Parts, and many others.

Grand Rapids is a Michigan city on the Grand River, east of Lake Michigan. On the outskirts, the Frederik Meijer Gardens & Sculpture Park has a tropical conservatory and multiple gardens. Its art collection includes works by Auguste Rodin, Henry Moore and Ai Weiwei. Downtown, the Grand Rapids Art Museum spotlights Michigan artists in its rotating shows. Grand Rapids is known for many breweries dotted around town.

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    Kase Abusharkh Founding Principal View profile
    Jacob Abusharkh Managing Principal View profile

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