3303 N East St 11,424 SF Industrial Building Lansing, MI 48906 $1,729,000 ($151.35/SF) 7.75% Cap Rate

Fortis Net Lease is pleased to present a Collision Right Repair Center at 3303 N East St. in Lansing, MI. This ten-year double net lease has minimal landlord responsibilities and ten years remaining on the initial term. The lease features 2% annual rent increases and two, five-year options (the frist has just been executed). The lease is guaranteed by CollisionRight, LLC a leading consolidator of automotive collision repair shops in the United States.
The subject property is strategically located in Lansing, the capital of Michigan. The surrounding area has over 150,000 residents within 5 miles. The median household income within 5 miles exceeds $70,000. There are over 50,000 households within 5 miles.
Founded in 2020, CollisionRight has acquired 100 collision repair shops in the past three and a half years, establishing the Company as the 6th largest consolidator and provider of collision repair services in the United States. The Company and its skilled repair technicians aim to provide high-quality, reliable repairs for consumers, using modern technology, paint, and parts, and to be an equally reliable partner to the Company’s insurance carrier partners who pay for the overwhelming majority of repairs undertaken by CollisionRight.