5652 E Pickard Rd | Mount Pleasant, MI 48858
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This Retail Property is no longer advertised on LoopNet.com.
5652 E Pickard Rd
Mount Pleasant, MI 48858
Corp Bob Evans | 20-Yr NNN | 2% Annual Bumps · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Corporately guaranteed lease from Bob Evans Restaurants, LLC, which operates 430+ locations across 18 states
- Rare, 2% annual rent increases throughout the initial term and options, beginning in May 2027
- Outparcel to Home Depot and adjacent to Tractor Supply
- Long-term lease | ±19 years remaining on the base lease term | Over $5.2MM in guaranteed income | Avg CAP of 8.16% over the remaining term
- Very profitable location with compelling unit-level fundamentals | Speak with Agent(s) for details
- Bob Evans is privately owned by Golden Gate Capital (purchased the chain in 2017 for $565MM) which is one of the most active private equity buyers
PROPERTY FACTS
Property Type
Retail
Property Subtype
- Restaurant
- General Retail Fast Food
- General Retail Freestanding
Building Size
5,610 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.06 AC
Zoning
CD-4 - General Commercial
Parking
91 Spaces (16.22 Spaces per 1,000 SF Leased)
Frontage
218’ on E Pickard Rd
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
LINKS
PROPERTY TAXES
| Parcel Number | 14-013-20-027-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $664,900 |
PROPERTY TAXES
Parcel Number
14-013-20-027-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$664,900
Listing ID: 32477361
Date on Market: 7/16/2024
Last Updated:
Address: 5652 E Pickard Rd, Mount Pleasant, MI 48858
The Retail Property at 5652 E Pickard Rd, Mount Pleasant, MI 48858 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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