2211 S Cedar St - Restaurant FOR SALE


Lansing, MI 48910- Clifford Park
$680,000 USD
202-361-3050
2211 S Cedar St, Lansing, MI for Sale
$680,000 USD
Restaurant - FOR SALE
1/6
null | 7.5% Cap Rate

2211 S Cedar St
Lansing, MI 48910
Clifford Park


HIGHLIGHTS

  • Located just south of downtown Lansing and I-496
  • Great foot traffic and outdoor patio
  • NNN Lease
  • Strong Population 3-mile radius +147.8K
  • Great Income 3-mile radius +$55.5k
  • Located near Edgewood Towne Shopping Center and next to many national tenants such as Kroger, McDonalds, Arby’s, Taco Bell, Popeye's, Dollar Genera

OVERVIEW

Triple Net Investment Group is proud to present Fleetwood Diner located at 2211 S Cedar St, Lansing, MI 48910. This Fleetwood Diner is a 2,300 SF building with a lot size of 24,249 sf, built in 1998. Tenant has continuously operated the property for over 22 years and has recently signed a renewal lease for 10 years, which ends Dec 31, 2035. There is 3% annual increases and 2, 5-year options at full, 5-year CPI. Located near a vibrant commercial district filled with popular retailers, restaurants, and local businesses, the area benefits from consistent foot traffic. Attractions such as Potter Park Zoo and Cooley Law School Stadium further enhance its appeal, drawing both residents and visitors. With convenient access to major roadways and a strong consumer base, it offers an ideal setting for growth and opportunity. Additionally Michigan State University and the state capitol are located a few miles away. The surrounding national tenants include KFC, Popeyes, Dollar General, Arby’s, Subway, Bank of America, McDonald’s, Kroger, UPS and Taco Bell. In association with Fortis Netlease

FOR SALE DETAILS

PRICE

$680,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fleetwood Diner 1O years NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,872 SF

ZONING

-

APN/PARCEL ID

01-01-28-276-004

ASK ABOUT THIS PROPERTY

Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.