5652 E Pickard Rd - Restaurant FOR SALE


Mount Pleasant, MI 48858
$3,429,000 USD
516-428-6050
5652 E Pickard Rd, Mount Pleasant, MI for Sale
$3,429,000 USD
Restaurant - FOR SALE
1/8
null | 7% Cap Rate

5652 E Pickard Rd
Mount Pleasant, MI 48858


OVERVIEW

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. Strategically positioned as an outparcel to The HomeDepot, the Property benefits from a prime signalized, hardcorner location along E Pickard St (20,000+ VPD) with excellent visibility and direct access to US 127 (22,100+ VPD). This established retail corridor enhances both accessibility and consumer draw, further supported by a thriving local workforce and residential base. Additionally, the Property is just minutes from Central Michigan University, home to over 12,000 students and faculty, adding to the steady stream of potential customers. This offering presents investors with a truly passive, management-free income stream backed by a nationally recognized brand and strong real estate fundamentals – delivering both immediate cash flow and long-term financial security.

FOR SALE DETAILS

PRICE

$3,429,000 USD

PRICE/SF

$611 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bob Evans

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

91

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

CD-4

APN/PARCEL ID

14-013-20-027-01

ASK ABOUT THIS PROPERTY

Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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