BEEF-A-ROO 1623 S Mission St 5 373 pi² Commerce de détail Immeuble Mount Pleasant, MI 48858 3 555 917 $ CAD (661,81 $ CAD/pi²) 10% Taux de capitalisation

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Beef-A-Roo investment property located at 1623 Mission Street in Mount Pleasant, Michigan (“the Property”). Beef-A-Roo is operating under a 20-year Absolute NNN Lease that commenced in 2023. Currently there are 17+ years of term remaining followed by four (4), 5-year renewal options. The lease calls for attractive 2% annual rent increases throughout the base term and the renewal options.
Beef-A-Roo is well located along Mission Street (US Route 127 BUS), the primary commercial corridor in Mount Pleasant. The Property is seconds from Central Michigan University, and the immediate area is home to shopping centers and countless national retailers and restaurants including Walmart Supercenter, Target, Meijer and Aldi driving traffic to the area. The Property features excellent frontage and visibility along Mission Street and is convenient to dense residential neighborhoods and area schools providing a built-in customer base. Beef-A-Roo is seconds from Central Michigan University, which has a total student enrollment of over 14,400, 3.5 miles from Mid-Michigan Community College (3,400 students), and 5 miles from the Soaring Eagle Casino.