Thriving Fast Food Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30564732
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 3,165 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $575,000
Unit Price: $181.67 PSF
Ceiling: 10 ft.
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User, Business
Building Name: Wendy's
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/16/2020

Overview / Comments

Fast food restaurant with drive through built in 2001. Occupancy to be spring 2020, presently a Wendy's store. Very good condition and approximately 19,000 cars a day on busy 5 lane South Washington Ave.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Tax ID/APN: 53-02-05-152-001
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Other
Property Located Between: W 34th & W 40th
Property Visibility: Excellent
Largest Nearby Street: US-31
Traffic/Vehicle Count: 19,000
Highway Access: US-31
Airports: Tulip City Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2001
Total Parking Spaces: 55
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COM AT A PT 354.15' S OF N 1/8 PST TH CONT S 211.7' TH E 300' TH N 211.7' TH W 300' TO POB SEC 5 T4N R15W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,525 42,503 91,405
Median Age: 38.74 36.54 36.98
Households: 3,866 15,864 33,278
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