Highlights
• Pylon Sign • Signage • Signalized Intersection
Description
Current Real Estate Advisors is pleased to present an exceptional investment opportunity – Bob Evans in Mount Pleasant, MI (the “Property”). This ±5,610 SF freestanding, single-tenant asset is situated on a generous 2.06-acre parcel and offers the security of an Absolute NNN lease,providing investors with zero landlord responsibilities. With 18+ years remaining on the initial lease term, four 5-year renewal options, and built-in 2% annual rent increases, this asset ensures long-term income stability and a strong hedge against inflation.
Listing Details
- Cap Rate
7%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Restaurant
- Sale Type
Investment Sale
- Date Listed
5/9/2025
- Net Operating Income
$240,000
- Parking Info
91 Spaces (16.22 Spaces per 1,000 SF Leased)
- Building FAR
0.06
Property Specifics
- Property Name
Bob Evans | 5652 E Pickard Rd
- Property Class
B
- No of Buildings
1
- No of Stories
1
- Year Built
2000
- Building Size
5,610 SF
- Lot Size
2.06 Ac
- APN
14-013-20-027-01
- Zoning
D-4 - General Commercial