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- LoopNet Team
601 E State St
Saint Johns, MI 48879
Admiral Petroleum · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Long-Term Original 20-Year Absolute Triple Net (NNN) Lease
- Attractive Rental Increases of Two Percent (2.00%) Annually
- Surrounding retailers include Walmart, Kroger, Walgreens, Rite Aid, AutoZone, O’Reilly Auto Parts, Dollar Tree, Burger King, McDonald’s, and Wendy’s
- Approximately 15.9 Years Remaining
- Four (4), Five (5)-Year Tenant Renewal Options
- Dense Retail Corridor
PROPERTY FACTS
- Service Station
- General Retail Freestanding
ABOUT 601 E STATE ST , SAINT JOHNS, MI 48879
The subject investment property is situated on E. State Street, which boasts average daily traffic counts exceeding 11,200 vehicles respectively. Intersecting with E. State Street is Old U.S. 27, which brings an additional 16,000 vehicles into the immediate area on average daily. There are more than 12,730 individuals residing within a five-mile radius of the property and more than 28,620 individuals within a ten-mile radius. The subject property is well-positioned in a dense retail corridor consisting of several national and local tenants. Surrounding major retailers include: Walmart, Kroger, Walgreens, Rite Aid, AutoZone, O’Reilly Auto Parts, Dollar Tree, Burger King, McDonald’s, Wendy’s, as well as many others. This Admiral property also benefits from being situated within a two-mile radius of several academic institutions. The most notable is St. Johns High School, which has a total enrollment exceeding 1,088 students. St. Johns is a city in and the county seat of Clinton County, Michigan. Located just 18 miles south of St. Johns is the bustling city of Lansing, Michigan. The city of Lansing, situated on the banks of Michigan's Grand River, is the capital city of the state. Located about 90 miles west of Detroit, Lansing is often referred to as the Car Capital of North America and is the birthplace of Oldsmobile, which was founded in 1897. Most of Lansing is located in Ingham County, although Lansing is the only U.S. state capital located in a county for which it is not also a county seat. The main thoroughfares servicing the Lansing area include Interstates I-69, I-96, and I-496; U.S. Route 127; and Michigan State Highways 43 and 99. Colloquially referred to as Mid-Michigan, Lansing is an important center for education, culture, politics and business. It is home to three medical schools, two law schools including the nation's largest law school, Thomas M. Cooley Law School, Michigan State, the state capital, state Supreme Court and Court of Appeals and headquarters of four national insurance companies. Cultural elements in the city are highlighted by the African American Parade and Heritage Festival, Silver Bells in the City Parade, the Lansing JazzFest, the Old Town BluesFest and the Common Ground Festival, among several others.
LINKS
Listing ID: 15801491
Date on Market: 4/22/2019
Last Updated:
Address: 601 E State St, Saint Johns, MI 48879
The Retail Property at 601 E State St, Saint Johns, MI 48879 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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