Freestanding Big Boy
For Sale
Contact for pricing
Pending
1500 W Washington St, Greenville, MI 48838
Single-tenant restaurant investment with an absolute NNN lease and scheduled contractual rent increases.
Property SizeContact for details
Days on Market141
Property Features for 1500 W Washington St
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Faris Lee Investments
(949) 221-1810
Listed By:
Jeff Conover · License #CA 01008195
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
Investment Insights
Based on property information with market context.
The offering comprises the fee-simple land and building for a freestanding Big Boy restaurant at 1500 W Washington St in Greenville, Michigan. Big Boy has operated at the property for 11 years, and the current lease has 5 years remaining in its initial term, followed by two additional 5-year extension options.
The absolute NNN structure places responsibility for the building and site with the tenant, including the roof, structural components, and parking lot. Contractual 8% rent increases apply during the lease term and option periods. Big Boy Restaurant Group is headquartered in Warren, Michigan; the chain operates 74 locations in the United States and 274 in Japan, with 66 of its US locations in Michigan.
The absolute NNN structure places responsibility for the building and site with the tenant, including the roof, structural components, and parking lot. Contractual 8% rent increases apply during the lease term and option periods. Big Boy Restaurant Group is headquartered in Warren, Michigan; the chain operates 74 locations in the United States and 274 in Japan, with 66 of its US locations in Michigan.
Key Highlights
- Fee‑simple ownership of the land and building at 1500 W Washington St, Greenville, MI 48838
- Freestanding, single‑tenant Big Boy restaurant
- 11 years of occupancy at the property
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
417k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 30%
Groceries 18%
Apparel 11%
Meijer
Groceries
75,909 visits/mo
0.2 miles
Marshalls
Apparel
34,970 visits/mo
0.3 miles
McDonald's
Dining
26,078 visits/mo
0.1 miles
Five Below
Shops & Services
23,367 visits/mo
0.2 miles
Starbucks
Dining
23,186 visits/mo
0.2 miles
Demographics for 48838, MI
18,801
Population
7,461
Households
2.5
Avg Household Size
40
Median Age
19%
College-Educated
90%
High-School Grad
93.1 sq mi
ZIP Area
202
Density / Sq Mi
$66,126
Median Household Income
$36,802
Median Earnings
$910
Median Rent
$190,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Big Boy — 1500 W Washington St, Greenville, MI 48838
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant restaurant investment with an absolute NNN lease and scheduled contractual rent increases.
Where is this conventional restaurant located?
The property is located at 1500 W Washington St Greenville, MI.
What are key features of this property?
This property features: Fee‑simple ownership of the land and building at 1500 W Washington St, Greenville, MI 48838; Freestanding, single‑tenant Big Boy restaurant; 11 years of occupancy at the property
