Contact info

• 517-321-2800 [Office] 

Description

This Triple Net leased investment is a 3 tenant strip center in Lansing MI on Cedar Street near Jolly Rd. With a 9 cap return with in place tenants, this property has a significant value add, as a third tenant could place the property in an 11 cap range. Daily traffic count is 33,000 Current tenants are long term and have had recent renewals. Please see the links section for the full offering memorandum and property information. Property was built in 1983. Current SEV is $293,900. Property size is .52 Acres Building price details: $375,000.

Property Details

• Type: Retail
• Use Types:Community Center, Neighborhood Center, Strip Center
• Status: Available
• Year Built: 1983
• MSA: Lansing-East Lansing
• Zoning: F COMMERCIAL
• Buildings: 1
• Tenancy: Multiple Tenants
• ConstructionBlock

Exterior Features

• Parking: Yes

Terms

• Cash to Seller 

Agent

Map Locations