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6525 S Pennsylvania Avenue Lansing, MI 48911
3,016 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,016 sqft
Price per Sqft $530
Municipality Lansing City
Subdivision Lansing City
MLS Listing ID 20261066526
Year Built 1983
Annual Tax Amount $14,920
Lot Size 0.680 Acres
Acres 0.68
Lot Dimensions 145X196
Source Realcomp
Property Description
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 will enter into a new long-term modified gross lease with the purchaser, allowing an investor to acquire the property with a new 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 new 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.
Location
State MI
County Ingham
Zoning Commercial
Direction MAPS
Exterior
View Y/N No
Building
Foundation Slab
Water Public
Structure Type Brick
Schools
School District Lansing
Others
Tax ID 010510176041
Listed by Own It Realty
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