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13101 S US Highway 27 3,978 SF Retail Building Dewitt, MI 48820 $2,124,609 ($534.09/SF) 6.75% Cap Rate
Investment Highlights
- Strong Corporate Tenant – Bob Evans Restaurants, LLC serves as the tenant, offering investors the security of a well-established corporate operator.
- Affluent Trade Area – The property benefits from strong surrounding demographics, with an average household income exceeding $131,401
- Proven Operating History – This Bob Evans location has successfully operated at the site for over 17 years, reflecting consistent sales performance
- Built-In Rental Growth – The lease features 2% annual rent escalations, delivering predictable income growth throughout the lease term.
- High Traffic Exposure – Strategically positioned along U.S. Highway 27, the site enjoys excellent visibility and accessibility with traffic counts
- Absolute NNN Lease Structure – The absolute triple-net lease provides a truly passive investment, with zero landlord responsibilities and stable
Executive Summary
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Bob Evans Restaurants is a chain of family style restaurants founded and headquartered in Columbus, Ohio, which owns and operates nearly 500 locations in 18 states, primarily in the Midwest, mid-Atlantic and Southeast regions of the United States. Bob Evans believed in treating strangers like friends and friends like family; and those principles are alive today at every Bob Evans Restaurant. As a private company owned by Golden Gate Capital, Bob Evans Restaurants is focused on providing quality food and hospitality to every guest at every meal, each and every day.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 050-015-200-036-00 | Improvements Assessment | $218,600 |
| Land Assessment | $211,300 | Total Assessment | $429,900 |
Property Taxes
Presented by
13101 S US Highway 27
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