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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.
Envoy Stable Income Fund Acquires Its First Property - a Wendy s Restaurant in Grand Ledge, MI apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
jeff long, back to you. captain jeff, we will continue to check in with you. our other top story, drying up that s what s happening to a number of maryland streams. a new drought warning is effect for a large portion of our state. we begin with alex demetrick who has details on where the drought is hitting hardest. reporter: conditions on the eastern shore have been bad all summer now they are going from bad to worse. in drought springs are like the canary. some streams are running lower and some extremely low. one of them is the lowest level since 1969. reporter: that has upped a drought warning. it s not only dry it s been excessively hot. it was just like being in a blast furnace. you can tell a lot of leaves that s actually scorching from the heat and the wind. mother nature hasn t been very helpful with any weather this year. we ve had corn with mostly irrigated water. reporter: water pulled from ground water. it s not just coming from upstream it com
none has been detected at this moment. reporter: bge tracked down the valve needed to shut down the gas line. that allowed the construction workers and bge emergency staff to get back into the scene of the break. part of that line is visible here. why it was struck is now part of an investigation. people have been allowed back in but there are a handful of hands and businesses that will not have natural gas until the repairs are tested. alex demetrick live for us tonight. mike hellgren has a closer look on the impact of people who live and work in that area. reporter: it was quite a scare and a remarkably large evacuation when you consider that more than 1,000 people work here at under armour headquarters alone. sky high chopper 13 was over it all as it unfolded. reporter: hundreds of businesses were kept out of their homes and businesses for hour. that included the evacuation of the under armour plant. it smelled like a gas leak. you could taste it in the air. so i