Former Wendy’s – Drive Thru Equipped

Investment Overview

Investment Highlights

• 2,845 SF drive-thru equipped building situated on 0.90 acres in the heart of Waterford, Michigan.
• Former Wendy's restaurant location for decades, offering a proven quick-service restaurant layout and infrastructure
• Current Tenant in Place Through 12/31/2027 - Wendy’s continues to occupy the property through December 31, 2027, paying $4,738.68 per month. This provides a buyer with in-place rental income while they evaluate and implement a backfill, re-tenanting, or redevelopment plan.
• Constructed in 1982 with an existing drive-thru configuration, making it well-suited for purchase and/or lease by restaurant, coffee, fast casual, retail, medical, or service-oriented users.
• Excellent signage, visibility, and frontage along heavily traveled Elizabeth Lake Road.
• Strong accessibility with excellent ingress and egress for customers from multiple directions.
• Located near the intersection of Elizabeth Lake Road and Cass Lake Road, one of Waterford's primary commercial corridors.
• Positioned within a dense suburban trade area surrounded by established single-family residential neighborhoods that provide a consistent customer base.
• Strong retail demographics with an average population exceeding 70,000 residents within a 3-mile radius.
• Located in Waterford Township, an Oakland County suburb of Detroit, one of the most affluent and densely populated counties in Michigan.
• Surrounded by a strong mix of national retailers, including McDonald's, Burger King, AutoZone, O'Reilly Auto Parts, and numerous additional retail, restaurant, and service operators.
• Rare opportunity to purchase and/or lease a highly visible freestanding drive-thru property in a mature and established retail corridor.