Bob Evans

Mt Pleasant, Michigan

NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at
5652 E Pickard St in Mt Pleasant, Michigan. The site consists of roughly 5,610 rentable
square feet of building space on estimated 2.06-acre parcel of land. This Bob Evans is
subject to a 20-year absolute triple-net (NNN) lease, which commenced July 24th, 2023.

The current annual rent is $235,000 and is scheduled to increase 2% annually
starting on May 1st 2027 and throughout the base term as well as in each of the 4, 5-
year renewal options.

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Two Percent (2%) Annual Rental Increases Starting May 1st 2027
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to
40 Years
✓ Corporate Guarantee From Bob Evans Restaurants, LLC (440+ Corporate Locations)
✓ Tenant Recently Extended the Base Term to 20 Years Proving Their Commitment to
the Location