Absolute NNN Restaurant
New
For Sale
$1,585,391
222 Lansing Road, Charlotte, MI 48813
An absolute NNN lease places responsibility for property expenses with the tenant.
Property Size2,106 SF
Days on Market7
Property Features for 222 Lansing Road
General Information
Standard status
Active
Size
2,106 SF
Property subtype
Commercial
Lease Term
±13 YRS
Net Operating Income
$91,160
Building Details
Building Size
2,106 SF
Listing Agency:
Matthews Real Estate Investment Services | Fort Lauderdale
Listed By:
Michael Wolsiefer · License #SL3631325 (FL)
(754) 778-8299
Source:
Matthews
Added: Sep 30
Last Checked: Oct 5 at 3:13PM
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 Matthews Real Estate Investment Services | Fort Lauderdale
Investment Insights
Based on property information with market context.
This restaurant property is occupied by a KBP Brands franchise, part of an operator with more than 1,100 units nationwide. The absolute NNN lease assigns property expenses to the tenant, and approximately 13 years remain in the base term. A 7.50% rent increase is scheduled in 3 years.
The property is in Charlotte, the Eaton County seat, and just off I-69, which carries 30,000+ vehicles per day. Eaton Hospital, a 100,000-square-foot facility, is directly across from the property; established national retailers are also in the surrounding area. Government, healthcare, and educational institutions contribute to the local market context.
The property is in Charlotte, the Eaton County seat, and just off I-69, which carries 30,000+ vehicles per day. Eaton Hospital, a 100,000-square-foot facility, is directly across from the property; established national retailers are also in the surrounding area. Government, healthcare, and educational institutions contribute to the local market context.
Key Highlights
- Absolute NNN lease with tenant responsible for property expenses
- Approximately 13 years remaining on the base lease term
- 7.50% rent increase scheduled in 3 years
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 48813, MI
21,068
Population
8,174
Households
2.6
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
168.1 sq mi
ZIP Area
125
Density / Sq Mi
$77,431
Median Household Income
$41,723
Median Earnings
$870
Median Rent
$178,500
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 - An absolute NNN lease places responsibility for property expenses with the tenant.
Where is this nnn property located?
The property is located at 222 Lansing Road Charlotte, MI.
What is the asking price?
The asking price for this property is $1,585,391.
What are key features of this property?
This property features: Absolute NNN lease with tenant responsible for property expenses; Approximately 13 years remaining on the base lease term; 7.50% rent increase scheduled in 3 years
