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    5652 E Pickard St Mount Pleasant, MI 48858

    For Sale
    $3,429,000

    Single-tenant restaurant with long-term lease and annual rent increases.

    Property size:
    5,610 SF
    Lot size:
    2.06 Acres

    Property Features for 5652 E Pickard St

    General Information

    Size
    5,610 SF
    Lot size
    2.06 Acres

    Source: Current Real Estate Advisors Agent Alejandro Snyder

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Restaurant Investment Opportunity

    This property features a freestanding, single-tenant restaurant building with an area of approximately 5,610 square feet, situated on a 2.06-acre parcel. The property is under an Absolute NNN lease, offering zero landlord responsibilities. The initial lease term has over 18 years remaining, along with four 5-year renewal options. The lease includes built-in 2% annual rent increases, providing long-term income stability and a hedge against inflation. The property is located in Mount Pleasant, MI.
    Location Intelligence

    Current Use by Public Records

    Bob Evans Family Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    B & B Associates

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.732023
    Latitude
    43.611143

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    FAQs

    What type of property is this?
    Breakfast & diner - Single-tenant restaurant with long-term lease and annual rent increases.
    Where is this breakfast & diner located?
    The property is located at 5652 E Pickard St Mount Pleasant, MI.
    What is the asking price?
    The asking price for this property is $3,429,000.
    What are key features of this property?
    This property features: - 18+ years remaining on an Absolute NNN lease, offering zero landlord responsibilities.; - Freestanding, single-tenant asset with a long-term, stable income stream.; - Generous 2.06-acre parcel.
    (305) 783-8890
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5652 E Pickard St Mount Pleasant, MI 48858
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