13101 S US Highway 27 - Restaurant FOR SALE
Dewitt, MI 48820 |
$2,124,609 USD
909-348-2407
13101 S US Highway 27
Dewitt, MI 48820
HIGHLIGHTS
- Strong Corporate Tenant – Bob Evans Restaurants, LLC serves as the tenant, offering investors the security of a well-established corporate operator.
- Built-In Rental Growth – The lease features 2% annual rent escalations, delivering predictable income growth throughout the lease term.
- Affluent Trade Area – The property benefits from strong surrounding demographics, with an average household income exceeding $131,401
- High Traffic Exposure – Strategically positioned along U.S. Highway 27, the site enjoys excellent visibility and accessibility with traffic counts
- Proven Operating History – This Bob Evans location has successfully operated at the site for over 17 years, reflecting consistent sales performance
- Absolute NNN Lease Structure – The absolute triple-net lease provides a truly passive investment, with zero landlord responsibilities and stable
FOR SALE DETAILS
PRICE
$2,124,609 USD
PRICE/SF
$542 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2013
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.15 AC
LAND SF
50,000 SF
ZONING
BC
APN/PARCEL ID
050-015-200-036-00
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909-348-2407
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909-348-2407
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