Single Tenant Subway Investment

836 E Saginaw Hwy, Grand Ledge, MI

$318,000

Price

2,088 sqft

Building Size

0.0479 acres

Lot Area

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Street
Map
Overview
Building Size
2,088 sqft
Lot Area
0.0479 acres
Year Built
2010
Floors
1
Description

Net Leased Subway
Introducing a lucrative commercial investment opportunity in the heart of Lansing suburb, Grand Ledge, Michigan. This NNN leased investment property boasts a long-standing Subway tenant, a prominent quick serve food chain with a history of success. Strategically positioned at the hard corner of Saginaw Highway and M-100, this property is an investor's dream come true.

Property Highlights:

* Location: Grand Ledge, Michigan

* Tenant: Subway (Long-term lease)

* Year Built: 2010 (Custom-designed for Subway)

* Lease Type: NNN (Triple-Net Lease)

* Drive-Through: Convenience for customers on the go

* Proximity: Adjacent to Walgreens and near Meijer

* Growing Area: Newly constructed apartment complex behind the property

* Investment Advantages:

Stable Income: Benefit from the security of a long-term NNN lease with Subway, an established brand in the quick-service restaurant industry.

Rent Increases: 10% increase to base on renewals

High Traffic Area: Located at the hard corner of two major roads, Saginaw Highway and M-100, ensuring continuous visibility and customer flow.

Convenient Drive-Through: Enhance customer convenience and boost sales with a drive-through, especially in today's fast-paced world.

Strategic Neighbors: Positioned next to Walgreens and in close proximity to Meijer, your investment benefits from the high foot traffic generated by these established businesses.

Growth Potential: The newly constructed apartment complex behind the property indicates a growing local population, potentially leading to increased business for your tenant.

Strong Cap Rate: At the current asking price, this investment offers a compelling 7.5% cap rate, making it an attractive proposition for savvy investors seeking solid returns.

About the Property:

This building was constructed in 2010 with Subway specifically in mind, providing a modern, well-maintained facility tailored to meet the needs of this renowned brand. With a prime location, a long-term tenant, and a solid cap rate, this investment opportunity is a solid addition to your portfolio.

West of S. Clinton St.
South of M-43
East of Manistique Dr.
North of W. St. Joseph Hwy

Location
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