Historical Retail Sale Listing - 3 Tenant Net Leased Strip Center

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3 Tenant Net Leased Strip Center

4929 S Cedar Street, Lansing, MI 48910

N/A

7,150 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
7,150 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Community Center
Neighborhood Center
Property Use Type:
Net Lease Investment with
3 years left on lease
Commission Split:
3%
Cap Rate:
12.76%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1983
Lot Size:
0.52 AC
APN / Parcel ID:
33-01-01-33-482-003
Listing ID
18207242
Last Updated
245 days ago

Highlights

  • 12.76 Cap Rate
  • 33,000 Average Daily traffic on Cedar Street
  • Net Leased Investment
  • New Leasees in Place on Long Term Tenants
  • Fully Leased

Description

This Triple Net leased investment is a 3 tenant strip center in Lansing MI on Cedar Street near Jolly Rd. With a 12.76 cap return with in place tenants, this property could deliver exceptional returns for a new owner.
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
Link to CA and offering memorandum under links section

Located on Lansing Southside near McDonald's, O Reilly Auto Parts, Walgreens, Family Dollar and Pearl Vision

Map of 4929 S Cedar Street, Lansing, MI 48910 (Ingham County)

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Created 6/6/2013