Bob Evans NNN
For Sale
Contact for pricing
1931 N Mitchell St, Cadillac, MI 49601
Freestanding restaurant facility subject to an absolute triple-net lease with renewal options.
Property Size3,572 SF
Lot Size1.02 Acres
Days on Market144
Property Features for 1931 N Mitchell St
General Information
Standard status
Active
Size
3,572 SF
Lot size
1.02 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 5:05AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The property comprises a 3,572-square-foot Bob Evans restaurant on an approximately 1.02-acre parcel at 1931 N Mitchell St in Cadillac, Michigan. The improvements are operated under an absolute triple-net lease that began July 24, 2023, with a 20-year base term.
The lease provides four 5-year renewal options. Contractual rent increases of 2% are scheduled annually beginning May 1, 2027, continuing through the base term and renewal periods.
The lease provides four 5-year renewal options. Contractual rent increases of 2% are scheduled annually beginning May 1, 2027, continuing through the base term and renewal periods.
Key Highlights
- 3,572 rentable square feet on an estimated 1.02‑acre parcel
- Bob Evans restaurant at 1931 N Mitchell St, Cadillac, Michigan 49601
- 20‑year absolute triple‑net (NNN) lease commenced July 24th, 2023
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 49601, MI
21,564
Population
10,734
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
220.0 sq mi
ZIP Area
98
Density / Sq Mi
$65,704
Median Household Income
$37,347
Median Earnings
$856
Median Rent
$166,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant facility subject to an absolute triple-net lease with renewal options.
Where is this nnn property located?
The property is located at 1931 N Mitchell St Cadillac, MI.
What are key features of this property?
This property features: 3,572 rentable square feet on an estimated 1.02‑acre parcel; Bob Evans restaurant at 1931 N Mitchell St, Cadillac, Michigan 49601; 20‑year absolute triple‑net (NNN) lease commenced July 24th, 2023
