Wendy's | Abs NNN w/ ±17 Yrs | 6.50% CAP | 10%… — Sale in Wayne, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Wayne, MI 48184

Photos

Wendy's | Abs NNN w/ ±17 Yrs | 6.50% CAP | 10%… — Sale in Wayne, MI, photo 1 of 3
Wendy's | Abs NNN w/ ±17 Yrs | 6.50% CAP | 10%… — Sale in Wayne, MI, photo 2 of 3
Wendy's | Abs NNN w/ ±17 Yrs | 6.50% CAP | 10%… — Sale in Wayne, MI, photo 3 of 3

Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Wendy's located at 32967 Michigan Ave in Wayne, Michigan, within the Detroit MSA. The ±2,312-square-foot restaurant, renovated in 2016 to Wendy's modern prototype, sits on ±0.98 acres and is secured by an absolute NNN lease with ±17 years remaining, expiring May 1, 2043, and zero landlord responsibilities. Two (2) five-year renewal options provide the potential for up to 10 additional years of occupancy. Annual base rent of $123,144 reflects a 6.50% cap rate, with scheduled 10% rent increases every five years delivering consistent organic income growth and long-term inflation protection. The property is positioned along Michigan Avenue (US-12), a major commercial corridor with ±26,428 VPD, offering convenient access to I-275, I-94, and downtown Detroit, with corridor neighbors including Walgreens and Taco Bell. The 3-mile trade area holds 83,938 residents with an average household income of $84,431, and the site benefits from proximity to the Ford Michigan Assembly Plant, a 5-million-square-foot facility employing approximately 5,886 workers. The asset sits within the Detroit MSA, home to more than 4.3 million residents and one of the Midwest's leading economic hubs. Wendy's operates 7,000+ restaurants worldwide with $14.0 billion in 2025 revenue, pairing global brand strength with passive, long-term net-lease income. Investment Highlights: • Absolute NNN Lease w/ ±17 Years Remaining, Expiring May 1, 2043 • Zero Landlord Responsibilities • Scheduled 10% Rent Increases Every 5 Years • Two (2) Five-Year Renewal Options for Up to 10 Additional Years • Prime Michigan Avenue (US-12) Location w/ ±26,428 VPD • Fully Upgraded to Wendy's Modern Prototype (Renovated 2016) • Located Within the Detroit MSA, Home to Over 4.3 Million Residents • Wendy's Operates 7,000+ Locations Worldwide w/ $14.0B in 2025 Revenue

Market Context

This food service in Wayne, MI is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Wayne, MI — view the full market.

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