This Retail Property is Off-Market.

4929 S Cedar Street
Lansing, MI 48910 ·

7,150 SF · Retail For Sale

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3 Tenant Net Leased Strip Center

Price N/A Cap Rate 12.76%
Gross Leasable Area 7,150 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type
Strip Center
More...
  • Community Center
  • Neighborhood Center
Year Built 1983
Property Use Type Net Lease Investment with 3 years left on lease Lot Size 0.52 AC
Commission Split 3% APN / Parcel ID 33-01-01-33-482-003
Listing ID: 18207242 Date Created: 06/06/2013 Last Updated: 11/08/2013

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

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

Research

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

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