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Single Tenant Net Leased Subway Eaton Rapids 401 South Main Street, Eaton Rapids, MI 48827
Property Description
Introducing a rare and lucrative investment opportunity in the heart of Eaton Rapids, Michigan! Presenting a meticulously maintained, single-tenant Subway restaurant with a long-term lease in place, offering the savvy investor a stable income stream and potential for excellent capital appreciation. This Subway restaurant has recently undergone the latest interior update, ensuring a modern and inviting ambiance for customers. The revitalized interior showcases Subway's commitment to quality and innovation, providing an exceptional dining experience that keeps patrons coming back for more. With a spacious and efficiently designed layout, it offers both dine-in and take-out options, catering to a diverse customer base. Investors will appreciate the security and peace of mind that comes with a long-term, NNN lease arrangement. With the tenant responsible for property taxes, insurance, and maintenance, (Landlord provides roof repair / replacement) you can enjoy a truly passive income stream while benefiting from the growth potential of this thriving community. Eaton Rapids, known for its close-knit community and steady economic growth, provides a stable foundation for your investment portfolio. A new roof was installed on the building in 2018. A $30,000 reserve credit will be transferred to the purchaser or reduced from the sales price for future retaining wall replacement on the East side of the property.
Full Address: 401 South Main Street, Eaton Rapids, MI 48827
Listing Type: FOR SALE
Status: Sold
Region: M-EN
Property ID: 4028606
Building Sf: 2135
Parcel Num: 300-000-616-010-00
Number Units: 1