1623 S Mission St, Mount Pleasant, MI 48858 For Sale

LONG TERM LEASE: Beef-A-Roo is operating under a 20-year lease that commenced in October of 2023. There are currently over 17 years of term remaining followed by four (4), 5-year renewal options.

ATTRACTIVE RENT INCREASES: The lease features attractive 2% annual rent increases throughout the primary lease term as well as through the renewal options, providing the investor with an attractive hedge against inflation.

ZERO LANDLORD RESPONSIBILITIES: Beef-A-Roo has an Absolute NNN Lease that requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor.

RAPIDLY EXPANDING FAST FOOD TENANT: Recognized by QSR Magazine in 2024 as a Top New and Emerging Franchise, Beef-A-Roo is a fast-growing, Midwest-based fast-casual restaurant chain with a cult following known for its gourmet burgers, cheddar fries, and retro-themed atmosphere. The 58-year-old brand now operates 22 locations across eight states, with plans for continued multi-state expansion. Beef-A-Roo is owned by Elysian Capital, Inc., a Dallas-based private equity firm focused on scalable growth in the restaurant and retail sectors. Backed by Elysian’s strategic support, the brand is well-positioned for long-term growth and operational success.

COLLEGE TOWN: Mount Pleasant's population swells each academic year when Central Michigan University (with about 14,466 students) fills the city; Mid-Michigan Community College (with about 3,400 students) adds to the educational scene and overall student population. The university campus drives cultural life, sports, and economic activity. In addition to year-round sports at the Division 1 level, the Brooks Astronomical Observatory on CMU’s rooftop offers public viewing nights featuring celestial observation and academic programs, further enhancing the Universities contribution to the overall area.

STRATEGIC RETAIL LOCATION: Beef-A-Roo is well located along Mission Street, the primary commercial corridor in Mount Pleasant. The Property is seconds (across the Street) 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, 3.5 miles from Mid-Michigan Community College, and 5 miles from the Soaring Eagle Casino.

RETAIL TRADE AREA: Additional retailers driving traffic to the area include Walmart Supercenter, Sam’s Club, Target, Meijer, Menards, Aldi, Kohl’s, TJ Maxx, Staples, Planet Fitness, Burlington, Hobby Lobby, Dick’s Sporting Goods, PetSmart, Dollar Tree, Dunham Sports, Harbor Freight, Ric’s Food Center, CVS, Walgreens, AutoZone, Napa, Texas Roadhouse, Buffalo Wild Wings, Olive Garden, Red Lobster, Panera, Chipotle, McDonald’s, Burger King, Wendy’s, KFC, Taco Bell, Arby’s, Popeyes, Culver’s, Firehouse Subs, Jimmy John’s, Rally’s, QDOBA, Panda Express, Domino’s, Little Caesar’s, Papa John’s, Hungry Howie’s Pizza, Crumbl, Insomnia Cookies, Biggby Coffee, Subway, Marathon and Speedway.

HIGH TRAFFIC COUNTS: More than 28,500 vehicles pass the Property each day along Mission Street (US Route 127 BUS).

STRONG DEMOGRAPHICS: Approximately 14,200 people live within 1-mile of the Property. More than 31,800 people live within 3 miles of the Property with an average household income of $65,336, and there are more than 16,900 employees within 3-miles of the Property.