$1,075,000 USD
408-846-1031
5705 S Cedar St
Lansing, MI 48911
Southeast Lansing
OVERVIEW
Absolute NNN
Property has been a Fazoli’s for 28+ years. Current operator has been the operator since 2016. When he took over operations, he remodeled and spent over $80k on the property. He has since further remodeled the location. Seller has nothing but praise for tenant: consistent, courteous, hardworking operator.
FOR SALE DETAILS
PRICE
$1,075,000 USD
PRICE/SF
$287 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Absolute NNN Fazoli's Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bar, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
64
LAND DETAILS
CROSS STREETS
E. Northrup St. and S. Cedar St.
LAND ACRES
1.38 AC
LAND SF
60,113 SF
ZONING
J & G-2
APN/PARCEL ID
01-05-04-426-034
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408-846-1031
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408-846-1031
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