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1904 N Larch St
Lansing, MI 48906
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- Prime Investment Opportunity
- Established tenant
Executive Summary
Prime investment opportunity in Lansing. Free-standing building currently occupied as an auto parts store, with eight years remaining on original lease term and two (5-year) options. Landlord responsible for roof, structure and lot, tenant responsible for NNN charges.
Building is located in the retail corridor of N. Larch Street, convenient to Lansing Regional Airport, Eastwood Towne Center, Downtown Lansing, and the surrounding communities of DeWitt, Lansing, and East Lansing.
Building is located in the retail corridor of N. Larch Street, convenient to Lansing Regional Airport, Eastwood Towne Center, Downtown Lansing, and the surrounding communities of DeWitt, Lansing, and East Lansing.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,865 SF
Building Class
B
Year Built
2001
Price
$825,000
Price Per SF
$120.17
Cap Rate
7.27%
NOI
$59,940
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.48 AC
Zoning
C - Commercial
Parking
38 Spaces (5.75 Spaces per 1,000 SF Leased)
Frontage
218’ on N Larch St
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 01-01-09-231-103 | Improvements Assessment | $236,900 |
| Land Assessment | $120,000 | Total Assessment | $356,900 |
Property Taxes
Parcel Number
01-01-09-231-103
Land Assessment
$120,000
Improvements Assessment
$236,900
Total Assessment
$356,900
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