Applebee's NNN
For Sale
Contact for pricing
6270 S Cedar Street, Lansing, MI 48911
The restaurant is positioned along S Cedar Street near I-96 and surrounding retail destinations.
Property SizeContact for details
Days on Market11
Property Features for 6270 S Cedar Street
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
51,800 vehicles/day
Highway Access
Yes
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Michael Carter · License #MI 6501369793
(248) 688-0630
Source:
Crexi
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 26 at 7:17AM
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 SRS Real Estate Partners - Global Company
Investment Insights
Based on property information with market context.
The Applebee’s in Lansing is leased to TSFR Apple Venture LLC under a NNN structure. Approximately 3 years remain on the current term, followed by 2 options of 5 years each. Rent increases by 10% at the start of each option period, and landlord obligations are described as minimal.
The property is near the signalized intersection of Edgewood Blvd and S Cedar St, just off I-96, where daily traffic averages over 51,800 vehicles. It is an outparcel to Cedar Street Shopping Center, a 69,000+ square foot retail center with Harbor Freight and Goodwill, and sits across from a 200,000+ square foot Meijer grocery store. Other nearby retailers and restaurants include Target, Menard’s, Lowe’s Home Improvement, Kroger, Aldi, Panera Bread, and Texas Roadhouse.
The five-mile trade area has a population of over 122,790. S Cedar St serves as a major retail thoroughfare in Lansing.
The property is near the signalized intersection of Edgewood Blvd and S Cedar St, just off I-96, where daily traffic averages over 51,800 vehicles. It is an outparcel to Cedar Street Shopping Center, a 69,000+ square foot retail center with Harbor Freight and Goodwill, and sits across from a 200,000+ square foot Meijer grocery store. Other nearby retailers and restaurants include Target, Menard’s, Lowe’s Home Improvement, Kroger, Aldi, Panera Bread, and Texas Roadhouse.
The five-mile trade area has a population of over 122,790. S Cedar St serves as a major retail thoroughfare in Lansing.
Key Highlights
- Applebee’s restaurant leased to TSFR Apple Venture LLC on a NNN basis
- Approximately 3 years remain, with 2 options of 5 years each
- 10% rent increases at the start of each option period
Property Analytics
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Current Use
Lease Details
51,800 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
104k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 42%
Shops & Services 40%
Groceries 11%
Electronics 5%
Menards
Home Improvements & Furnishings
43,223 visits/mo
0.4 miles
Five Below
Shops & Services
23,182 visits/mo
0.3 miles
Dollar Tree
Shops & Services
18,556 visits/mo
0.4 miles
Gordon Food Service
Groceries
11,584 visits/mo
0.3 miles
GameStop
Electronics
2,930 visits/mo
0.4 miles
Demographics for 48911, MI
40,566
Population
18,069
Households
2.2
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
17.3 sq mi
ZIP Area
2,345
Density / Sq Mi
$54,882
Median Household Income
$36,245
Median Earnings
$933
Median Rent
$136,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant is positioned along S Cedar Street near I-96 and surrounding retail destinations.
Where is this conventional restaurant located?
The property is located at 6270 S Cedar Street Lansing, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Applebee’s restaurant leased to TSFR Apple Venture LLC on a NNN basis; Approximately 3 years remain, with 2 options of 5 years each; 10% rent increases at the start of each option period
