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About the Listing 399147 - 364844,433418
Excellent sale-leaseback investment opportunity to acquire the real estate occupied by Big Boy at 6525 S. Pennsylvania Ave., Lansing, MI 48911. As part of the transaction, Big Boy has a long-term modified gross lease, allowing an investor to acquire the property with a lease in place and immediate contractual rental income from an established restaurant operator. The property is situated in a busy, high-traffic location along S. Pennsylvania Avenue with strong visibility, convenient access, and an existing drive-thru. The current lease will provide for an initial 20-year term, together with one additional 10-year renewal option. Scheduled base rent will be $9,075 per month during Years 1-5, $9,982 per month during Years 6-10, $10,000 per month during Years 11-15, and $12,000 per month during Years 16-20. This offering is for the real estate only and does not include the operating business, presenting an attractive opportunity for an investor seeking a long-term sale-leaseback with contractual rent growth, a recognizable tenant, drive-thru functionality, and a well-positioned Lansing location.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3016
- Basement: Slab
- Other:
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 145X196
- Zoning: Commercial
- Roof:
- Others: Brick,Paved
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $14,920
- Taxes w/Assessments: N/A
- Tax/Property ID: 010510176041
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
6525 S Pennsylvania Ave Lansing, MI 48911
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