Best Location in Lansing! NO EARLY TERMINATION CLAUSE. Single tenant ground lease to Illinois Title Loans (62 locations nationwide). True NNN. Tenant's next renewal has 15% rent increases. The building is 1,012 sq.ft. and was built in 1992 as a Checker's Double Drive-Thru Restaurant. The current tenant has been in this location since 1999. Property sits on the lighted intersection of Torrence Ave & Bernice Rd. and is on the "going-to-work" side of Torrence Ave. Interstate 80/94 is just 1 block away. Excellent Location! New Super Walmart opened in 2015 just on the other side of Interstate 80/94 (1/4 mile away). Located at the southwest corner (going-to-work-side) of Torrence Ave & Bernice Rd. Site sits at a lighted intersection of heavily traveled Torrence Ave. The property is 1 block north of Interstate 80/94 which is less than a 30 minute drive to downtown Chicago. Locally, the other retailers within the vicinity of the property includes Super WalMart. LA Fitness, Home Depot, Honda, Holiday Inn, Best Buy, KMart and many more. Torrence Avenue has a daily traffic count of 26,500 and Interstate 80/94 has 143,700 VPD.
Parcel Number | 29-25-209-037-0000 | Improvements Assessment | $16,652 |
Land Assessment | $12,533 | Total Assessment | $29,185 |
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