Applebee’s Absolute NNN
For Sale
Contact for pricing
Pending
2450 Coolidge, East Lansing, MI 48823
Freestanding restaurant investment positioned at the entrance to a Meijer Superstore near Michigan State University.
Property SizeContact for details
Days on Market42
Property Features for 2450 Coolidge
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SVN | Silveri Company
(616) 949-6168
Listed By:
Peter Colvin · License #MI 6501197270
Source:
Crexi
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 30 at 3:14PM
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 SVN | Silveri Company
Investment Insights
Based on property information with market context.
This absolute NNN property is occupied by an Applebee’s restaurant at the entrance to a Meijer Superstore in East Lansing. The lease provides 11 years remaining on the base term, followed by four 5-year renewal options. Contractual rent increases include a 10% adjustment next July and additional increases during the remaining base term.
The property is located near Michigan State University, east of US 127 and near the W. Lake Lansing Road exit. The surrounding area includes more than 150,000 people within 5 miles and more than 370,000 within 10 miles. Applebee’s is operated by Team Schostak Family Restaurants, a franchisee that owns approximately 75 Applebee’s locations.
The property is located near Michigan State University, east of US 127 and near the W. Lake Lansing Road exit. The surrounding area includes more than 150,000 people within 5 miles and more than 370,000 within 10 miles. Applebee’s is operated by Team Schostak Family Restaurants, a franchisee that owns approximately 75 Applebee’s locations.
Key Highlights
- Absolute NNN lease with 11 years remaining in the base term
- Four 5‑year renewal options follow the initial lease term
- Scheduled 10% rent increase next July, with additional increases during the base term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
172k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 79%
Dining 12%
Shops & Services 6%
Hotels & Casinos 3%
Meijer
Groceries
99,529 visits/mo
0.2 miles
Kroger
Groceries
36,496 visits/mo
0.1 miles
Applebee's
Dining
10,212 visits/mo
0.1 miles
Burger King
Dining
9,722 visits/mo
0.1 miles
Lake Trust Credit Union
Shops & Services
4,509 visits/mo
0.2 miles
Demographics for 48823, MI
51,793
Population
23,757
Households
2.2
Avg Household Size
28
Median Age
64%
College-Educated
98%
High-School Grad
23.6 sq mi
ZIP Area
2,195
Density / Sq Mi
$50,837
Median Household Income
$19,837
Median Earnings
$1,127
Median Rent
$261,100
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 investment positioned at the entrance to a Meijer Superstore near Michigan State University.
Where is this nnn property located?
The property is located at 2450 Coolidge East Lansing, MI.
What are key features of this property?
This property features: Absolute NNN lease with 11 years remaining in the base term; Four 5‑year renewal options follow the initial lease term; Scheduled 10% rent increase next July, with additional increases during the base term
