The Silver Group has arranged the sale of a single tenant, ground lease under a corporate Bob Evans restaurant in Adrian, Michigan. The Property consists of a 1.24 acre of land in front of the Adrian Mall. The mall is currently undergoing major renovation and re-tenanting. The property sold for $667,000, and the tenant had just exercised their 1st renewal option. Bob Evan has operated at this location for more than 20 years. The security of this under-market ground rent was the main attraction to the purchaser. A recently executed ground lease nearby is paying almost 2x’s the current Bob Evans ground rent. Adrian, Michigan is a college town located 30 miles from Ann Arbor, Michigan. The Buyer was represented by Barry Silver and the Seller was repped by Kevin Conway & Wes Koontz.