Top 14% Nationwide | Signalized Hard Corner | Long-Term Absolute NNN Lease

Investment Highlights

Key Property Highlights

• Long-Term Absolute NNN Lease – Approximately 11.5 years remaining through February 2038, with no landlord responsibilities, annual rent increases and six five-year renewal options.
• Experienced Wendy’s Franchisee – Meritage Hospitality Group – Operates a portfolio of 320 restaurants across 15 states, employs approximately 10,000 team members and has more than 25 years of experience within the Wendy’s system.
• Top-Performing Wendy’s Location – Placer.ai Rankings – Ranks No. 1 within 15 miles, top 14% in Michigan, top 22% among suburban Wendy’s locations nationwide and top 26% nationwide per Placer.ai data.
• Established Retail Trade Area – Positioned within one of Muskegon County’s primary retail corridors, surrounded by approximately 9.5 million square feet of retail inventory.

Additional Highlights

• Major Retail Concentration – Adjacent to a Top 25% Meijer nationwide and near Walmart, with Costco, Target, The Home Depot, Menards, ALDI and other national retailers within 5 miles.
• High-Traffic Signalized Corner – Positioned at the hard signalized corner of West Norton Avenue and West Henry Street, with combined traffic counts of approximately 36,385 vehicles per day.
• Significant Corporate Investment & Job Growth – Chobani is investing $567 million to expand its La Colombe Coffee Roasters facility in Norton Shores, creating approximately 337 new jobs. GE Aerospace is also investing $7.2 million in its Norton Shores facility, with approximately 70 new skilled jobs planned.
• Strategic West Michigan Location – Immediately south of Muskegon with convenient access to the greater Muskegon market, Grand Haven and Grand Rapids.