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CHEESEBURGER IN PARADISE (OUTBACK GUARANTEE)
5924 West Saginaw Highway, Lansing, MI 48917
10,950 SF | Retail
Retail Property - Off Market
- Building Size:
- 10,950 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Cap Rate:
- No. Stories:
- Year Built:
- Lot Size:
- 1.58 AC
- Listing ID
- Last Updated
- over 1 year ago
- 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
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.
Map of 5924 West Saginaw Highway, Lansing, MI 48917 (Eaton County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P