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Roseville, Mich. — Encore Real Estate Investment Services has arranged the $3.4 million sale of a freestanding retail building leased to Applebee’s in Roseville, located 18 miles northeast of Detroit.
Logan McAnallen of Encore arranged the transaction on behalf of both the seller, a Flushing, Michigan-based private investment group, and the buyer, a private investor from Eldersburg, Maryland. Applebee’s had more than 10 years remaining on its lease at the time of sale.