1910 S Us Highway 131 | Petoskey, MI 49770
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1910 S Us Highway 131
Petoskey, MI 49770
Bob Evans · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term 20-Year Triple-Net (NNN) Lease With Zero Landlord Responsibilities | 13+ Years Remaining
- Corporate Guarantee from Bob Evans Restaurants, LLC (440+Corporate Locations)
- Tourist Destination | Over 750,000 People Visit Petoskey, Annually
- Golden Gate Capital Is the Most Active Private Equity Buyer of Full-Service Restaurant Companies
- 2% Annual Rent Increases Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- At The Entrance To Bear Creek Plaza a 750,000+/- SF Power Center Anchored By Lowes, The Home Depot And Walmart Supercenter
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,102 SF
Building Class
B
Year Built
2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.52 AC
Zoning
EC PUD
PROPERTY TAXES
| Parcel Number | 01-19-07-300-047 | Improvements Assessment | $0 |
| Land Assessment | $636,700 | Total Assessment | $636,700 |
PROPERTY TAXES
Parcel Number
01-19-07-300-047
Land Assessment
$636,700
Improvements Assessment
$0
Total Assessment
$636,700
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