328 Lansing St - Restaurant FOR SALE


Charlotte, MI 48813
$1,900,000 USD
248-444-6861
328 Lansing St, Charlotte, MI for Sale
$1,900,000 USD
Restaurant - FOR SALE
1/4
null | 6.67% Cap Rate

328 Lansing St
Charlotte, MI 48813


HIGHLIGHTS

  • Jimmy Johns & Domino's- Large Regional Franchisees.
  • All Brick Construction & Shingled Roof - Low Maintenance.
  • Major Remodel of Former Bank in 2022, Includes Drive Thru for Jimmy Johns.

OVERVIEW

Marcus & Millichap is pleased to present a three-tenant retail center located at 328 Lansing Rd., Charlotte, MI. This 100 percent occupied property provides stable income from multi-unit franchise tenants – Jimmy Johns, T-Mobile and Domino’s, all on triple net leases. Built in 2003, the former 4,263-square foot bank underwent a complete renovation in 2022-23 and is located on the major commercial artery of Lansing Avenue near the I-69 interchange. Major retailers in the vicinity include Ace Hardware, Goodwill and Family Dollar. Walmart and Meijer are both 1.5 miles from the property. Charlotte, the County Seat of Eaton, has over 16,000 people in a five-mile radius with an average household income of $83,500. Spartan Motors Chassis is the largest employer with over 1,400 skilled workers supporting Lansing’s nearby auto manufacturing plants.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

B-3

APN/PARCEL ID

200-007-400-250-02

ASK ABOUT THIS PROPERTY

John NuzmanMarcus & MillichapMore Info
248-444-6861

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John NuzmanMarcus & MillichapMore Info
248-444-6861

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.