Subway and Everyday Tobacco

$521,657.00

Address	5601 S Cedar St Lansing, MI 48911
Annual NOI	$36,516 NNN
Price \| CAP	$521,657\| 7% Cap
Building size	2,850 SF
NOI	2 ( 5– years)
Rent Increase \| Date	Every 3 years, Uncapped, CPI

Category: Featured Listings

Description
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Description

Triple Net Investment Group is proud to present 1824 S Pennsylvania Ave, MI. This Multi-Tenant Building is occupied by two tenants: Subway and Everyday Tobacco. This neighborhood strip center is a 2,850 square foot building with a lot size of 16,988 sq ft. Strategically located in a high-traffic, hard-corner retail location at traffic signal free standing and wall signage.

 Corporate lease with Subway with uncapped CPI increase every 3 years , Next increase Aug 1, 2024.
 Large, prominent monument sign at lighted intersection of 2 arterial roadways: S. Pennsylvania Ave. (N-S) and E. Mt. Hope Ave (E-W).
 Strong Population 5-mile radius : 137,614
 Subway remodeled twice and extended the lease for addi-ontal five years
 Landlord recently repaved the back area of the property.
 Below Market Rents
 Subway has been operating at this location for over 21 years and just extended for another 5 years.

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