This property is Off-Market

5924 West Saginaw Highway
Lansing, MI 48917 ·

10,950 SF · Retail For Sale

N/A

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CHEESEBURGER IN PARADISE (OUTBACK GUARANTEE)

Price N/A Occupancy 100%
Building Size 10,950 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Restaurant Year Built 2005
Property Use Type Investment Lot Size 1.58 AC
Cap Rate 5.50%
Listing ID: 14901466 Date Created: 11/29/2006 Last Updated: 01/02/2007

Description

Cheeseburger in Paradise is located at 5924 West Saginaw Highway in Lansing, Michigan. The subject is a 10,950 +/- square foot, single-tenant restaurant building on approximately 68,476 +/- square feet or 1.572 acres of land with excellent frontage along West Saginaw Highway (US-43), the major east-west artery across Lansing.

The subject property is located in a high volume retail area with several power centers surrounding the site and the 19 acre Lansing Mall located directly to the east of the property. The major retailers that make up the power centers include: Target, TJ Maxx, Bed Bath & Beyond, Kohl's, Babies R' Us, and Outback Steakhouse. The Lansing Mall is home to 100 retail stores and four (4) anchor tenants including, JCPenney, Best Buy, Marshall Field's and Younkers. The single-level, enclosed regional shopping center has recently completed a $30 million total mall renovation which includes, German limestone floor tile, skylights, a remodeled and expanded food court, and an upgraded mall exterior with improved landscaping and entrances.

Cheeseburger in Paradise is superbly located on the west side of Lansing, in Delta Township. Delta Township continues to be one of the fastest growing industrial areas in the state of Michigan. Lansing is home to two General Motors facilities, with the third plant to open this year, creating 7,000 new jobs and a housing boom to the area.

Highlights

  • Absolute Triple Net (NNN) Ground Lease
  • 10 Percent Increases Every Five (5) Years
  • Four (4), Five (5) Year Renewal Options
  • New 2005 Construction
  • Lease Guaranteed by Outback Steakhouse, Inc.
  • Neighbor to the 19 Acre Lansing Mall

Research

5924 West Saginaw Highway, Lansing, MI 48917 (Eaton County)

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