6420 S Cedar St, Lansing, MI, 48911
Property Details
-
Price:
$3,222,000
-
Property Type:
Retail
-
Availability:
Available
-
Transaction Type:
For Sale
-
Cap Rate:
4.50%
-
Lot Size:
1.94 AC
-
Lease Type:
Absolute NNN
-
Lease Term:
15 years
-
Year Built:
2025
-
Tenancy:
Single Tenant
-
Available SF:
5,020 SF
Property Description
SECURE INCOME STREAM
- 15-Year Absolute NNN Ground Lease – 7.5% rent increases every 5 years and renewal options
- Brand New 2025 Construction – Double drive-thru, latest prototype design
- Located at Signalized Intersection – Large 1.94 acre lot providing ample parking and customer service
PROXIMITY
- 129,667 Residents in Primary Trade Area – Strong daytime population of 160,097
- 6 Miles to Michigan State University – 52,089 students and 14,067 employees
- Lansing is the Capital of Michigan and Most Populus City in Ingham County – 6th most populous city in Michigan
- 38,206 VPD at Signalized Intersection – Excellent access and visibility along main retail corridor
Financial Summary
Investment Highlights
| Price |
$0.00 |
| Price / Unit |
$0.00 |
| Gross Rent Multiplier |
0.00 |
| Proposed Loan Amount |
$0.00 |
| Initial Investment |
$0.00 |
Income & Expenses
Expense
|
Potential
|
Current
|
Total Expenses
|
$ 0.00
|
$ 0.00
|
| Net Operating Income |
$0.00 |
$0.00 |
| Less Debt Service |
$0 |
$0 |
| Potential Net Cash Flow |
$0.00 |
$0.00 |
| Cash on Cash Return |
0.00 % |
0.00 % |
| Capitalization Rate |
0.00 % |
0.00 % |
Rent Roll
Unit
|
BR/BA
|
Current Monthly Rent
|
Potential Monthly Rent
|
Status
|
Lease Expires
|
Totals
|
$ 0.00
|
$ 0.00
|
