5652 E Pickard Rd | Mount Pleasant, MI 48858
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
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
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
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
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
