Heather Hosking - Arterra Realty Logo
$1,600,000
( $530.50Per Sq Foot )
 $8,589 est/mo Sourced by Back At You

6525 S Pennsylvania Avenue,Lansing, MI 48911

Lansing, MI 48911

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Description

Excellent sale-leaseback investment opportunity to acquire the real estate occupied by Big Boy at 6525 S. Pennsylvania Ave., Lansing, MI 48911. As part of the transaction, Big Boy has a long-term modified gross lease, allowing an investor to acquire the property with a lease in place and immediate contractual rental income from an established restaurant operator. The property is situated in a busy, high-traffic location along S. Pennsylvania Avenue with strong visibility, convenient access, and an existing drive-thru. The current lease will provide for an initial 20-year term, together with one additional 10-year renewal option. Scheduled base rent will be $9,075 per month during Years 1-5, $9,982 per month during Years 6-10, $10,000 per month during Years 11-15, and $12,000 per month during Years 16-20. This offering is for the real estate only and does not include the operating business, presenting an attractive opportunity for an investor seeking a long-term sale-leaseback with contractual rent growth, a recognizable tenant, drive-thru functionality, and a well-positioned Lansing location.

Details

MLS #20261066526
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1983
Days On Site61
Listing Provided ByOwn It Realty | Hassan Scheib

Features

SQ Feet3,016
ZoningCommercial
Acreage0.68
Water FrontYes

Interior

Cooling Yes / NoNo
Heating Yes / NoNo

Exterior

Construction MaterialsBrick
Foundation DetailsSlab

Parking

Garage Yes / NoNo
Attached Garage Yes / NoNo

Taxes

Tax Annual Amount14920

Area Information

StateMI
CountyIngham
CityLansing
Zip Code48911
AreaLansing
Community NameSOUTH PENN CONCOURSE
School DistrictLansing
High SchoolLansing
Listing VS Median (in SOUTH PENN CONCOURSE)
Price:
$1,600,000
low | high
Med:
$1,600,000
50% of Average
sqft:
3,016
low | high
Med:
3,016
50% of Average
$ / sqft:
$531
low | high
Med:
$531
50% of Average
On site:
61
low | high
Med:
61
100% of Average
Sourced by Back At You

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Learn More About This Property

Heather Hosking

Heather Hosking

Arterra

432975 (586) 489-7725heather.hosking@arterrarealty.com
StateMI
CountyIngham
CityLansing
Zip Code48911
AreaLansing
Community NameSOUTH PENN CONCOURSE
School DistrictLansing
High SchoolLansing
Listing VS Median (in SOUTH PENN CONCOURSE)
Price:
$1,600,000
low | high
Med:
$1,600,000
50% of Average
sqft:
3,016
low | high
Med:
3,016
50% of Average
$ / sqft:
$531
low | high
Med:
$531
50% of Average
On site:
61
low | high
Med:
61
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.2M - $2M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
6525 S Pennsylvania Avenue Property Photo 1
$1,600,000
6525 S Pennsylvania Avenue
Lansing, MI 48911
Listing Updated: September 28, 2026 at 6:50:43 PM PDT