The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Wendy’s restaurant located at 5455 West Main Street in Kalamazoo, Michigan for $1,600,000.<\/p>\n
The Wendy’s property at 5455 West Main Street is situated along one of the primary retail corridors in Kalamazoo, Michigan, within Oshtemo Township. West Main Street carries approximately 29,537 vehicles per day at the intersection of Main Street and Maple Hill Drive. The property is positioned directly off the US-131 exit, providing convenient access to Interstate 94 and regional connectivity throughout southwest Michigan. The Wendy’s restaurant is surrounded by a dense concentration of national retailers and restaurants including Target, Walmart, Meijer, Kohl’s, Walgreens, Burlington, Hobby Lobby, Marshalls, PetSmart, ULTA Beauty, Five Below, Dollar Tree, Old Navy, GameStop, Dunham’s Sports, Office Depot, ALDI, Applebee’s, McDonald’s, Starbucks, Chipotle Mexican Grill, Burger King, Panera Bread, and Taco Bell. Within a 3-mile radius of the Wendy’s in Kalamazoo, the population exceeds 54,000 residents. The average household income within one mile is approximately $94,722. The median household income within three miles is approximately $55,085. The median home value within one mile is approximately $330,043. The Kalamazoo, Michigan market is home to Western Michigan University, one of the largest employers in the region. The property benefits from proximity to both US-131 and I-94, two of the most heavily traveled highways in southwest Michigan. The daytime population within three miles of the property exceeds 48,000 people, reflecting the strength of the surrounding commercial corridor.<\/p>\n
Randy Blankstein, Jimmy Goodman and John Feeney of The Boulder Group represented the buyer in the transaction, a real estate investment group. The seller was an individual investor.<\/p>\n
The Wendy’s at 5455 West Main Street in Kalamazoo, Michigan is leased on an absolute net basis with zero landlord responsibilities. The original lease term is 20 years with approximately 11 years remaining. The absolute net lease structure requires the tenant to pay all property taxes, insurance, and maintenance costs, providing the investor with a completely passive income stream.<\/p>\n
The Wendy’s restaurant at 5455 West Main Street in Kalamazoo is operated by a leading restaurant company headquartered in Grand Rapids, Michigan. Meritage Hospitality Group was founded in 1986 and has grown into one of the largest Wendy’s franchise operators in the United States, managing more than 375 Wendy’s locations across 15 states. The company employs over 11,000 people and generated gross revenue of approximately $617,700,000 in 2024. The Wendy’s brand is the second-largest quick-service hamburger restaurant chain in the world, with over $12,500,000,000 in annual United States systemwide sales. The building at 5455 West Main Street was constructed in 2016 and comprises 2,600 square feet on 0.83 acres with 24 parking spaces.<\/p>\n
\u201cNet leased quick-service restaurant properties with long-term leases and absolute net structures continue to attract strong investor demand across all markets,\u201d said Randy Blankstein, President of The Boulder Group. \u201cWendy\u2019s remains one of the most actively traded tenants in the net lease sector due to the brand\u2019s national recognition and proven operating performance.\u201d Jimmy Goodman, Partner of The Boulder Group, added, \u201cThis Wendy\u2019s property in Kalamazoo benefited from its location along a high-traffic retail corridor with over 29,500 vehicles per day and immediate proximity to the US-131 interchange, which generated significant buyer interest throughout the marketing process.\u201d John Feeney, Senior Vice President of The Boulder Group, noted, \u201cThe buyer was attracted to the absolute net lease structure with zero landlord responsibilities and the approximately 11 years of remaining lease term, which provides a secure and passive income stream well-suited for a real estate investment fund seeking stable cash flow.\u201d<\/p>\n