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Share this article Share this article NORTHBROOK, Ill., May 4, 2021 /PRNewswire/ Envoy Stable Income Fund, LLC (ESI Fund), a private real estate fund company, has acquired a Wendy s quick service restaurant in Grand Ledge, Michigan under a long-term lease. This marks the first acquisition for the ESI Fund. Envoy Net Lease Partners Located at 980 E. Saginaw Highway in Grand Ledge, the 3,595 sq. ft. Wendy s restaurant building is 100% leased to an affiliate of Team Schostak Family Restaurants, a Wendy s Franchisee. The tenant operates over 50 Wendy s restaurants primarily in Michigan. The Grand Ledge Wendy s restaurant has been in continuous operations since 1997 and plans to renovate soon. The property is adjacent to the entrance of a new 320-unit luxury apartment complex, The Acadian, which plans to open this summer. 

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