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5400 S Pennsylvania Ave
Lansing, MI 48911
Retail Property For Sale
EXECUTIVE SUMMARY
Fully Occupied Two-Tenant Strip Center
Triple Net Leases – Full CAM Reimbursement
Corporate Guarantee - Select Medical (NovaCare Parent)
Lansing Location – Michigan’s State Capital
Strong Traffic Counts & Demographics
14,000 VPD on South Pennsylvania Avenue
70,000 People within 3 Miles
Triple Net Leases – Full CAM Reimbursement
Corporate Guarantee - Select Medical (NovaCare Parent)
Lansing Location – Michigan’s State Capital
Strong Traffic Counts & Demographics
14,000 VPD on South Pennsylvania Avenue
70,000 People within 3 Miles
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,000 SF
Building Class
C
Year Built
1985
Price
$935,000
Price Per SF
$103.89
Cap Rate
8.50%
NOI
$79,475
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.06 AC
Zoning
C-1
Parking
45 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
245’ on S Pennsylvania Ave
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 01-05-03-151-074 | Improvements Assessment | $545,300 |
| Land Assessment | $80,500 | Total Assessment | $625,800 |
PROPERTY TAXES
Parcel Number
01-05-03-151-074
Land Assessment
$80,500
Improvements Assessment
$545,300
Total Assessment
$625,800
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