List Search

13101 S US Highway 27
Dewitt, MI 48820

$2,124,609 USD

Restaurant For Sale  •  3,920 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,978 SF
  • Lot Size 1.15 AC
  • Year Built 2013
  • Cap Rate 6.75 %
  • Tenancy Single
  • Zoning BC
0 Transit Score
43 Walk Score

Highlights

Strong Corporate Tenant – Bob Evans Restaurants, LLC serves as the tenant, offering investors the security of a well-established corporate operator.
Built-In Rental Growth – The lease features 2% annual rent escalations, delivering predictable income growth throughout the lease term.
Affluent Trade Area – The property benefits from strong surrounding demographics, with an average household income exceeding $131,401
High Traffic Exposure – Strategically positioned along U.S. Highway 27, the site enjoys excellent visibility and accessibility with traffic counts
Proven Operating History – This Bob Evans location has successfully operated at the site for over 17 years, reflecting consistent sales performance
Absolute NNN Lease Structure – The absolute triple-net lease provides a truly passive investment, with zero landlord responsibilities and stable
Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Bob Evans

Public Transportation

Commuter RailDriveWalkDistance
15 min - 9.8 mi
AirportDriveWalkDistance
Capital Region International 14 min - 7.9 mi
Rishi Idnani 909-348-2407 Matthews Real Estate Investment Services
Rishi Idnani 909-348-2407 Matthews Real Estate Investment Services