East Lansing Medical Office
Medical Office
Marketing description
Triple Net Investment Group is proud to present 1350 East Lake Lansing Road| East Lansing, Michigan (1.32 AC ). Investment Parcel is 8,791 SF building built in 1980, Roof was recently replaced (2020) with a 15 year warranty, parking lot was also replaced (2020). Property is 100% leased with no vacancy issues, its generating Strong Income with recession proof tenants. Tenants are long term and have exercised previous options in the past. Leases have built in rental increases to hedge against inflation and each tenant is metered separately for Utilities. Additional Development Parcel available for sale and has the right to develop - 6,600 SF office building for future income possibilities. Location is in close proximity to Carriage Hills Shopping Center, Michigan State University,I-69 and I-127.
Broker Of Record
Doug Passon | Managing Partner
Fortis Net Lease
Investment highlights
100% Income producing, Steller ROI
Long term tenants , No Vacancies
COVID-19 and Recession Proof tenants
Strong Population 3-mile radius +84K
Great Income 5-mile radius +$67K
New Roof (2020) - 15 year warranty & New Parking Lot
(2020)
Across from Carriage Hills Shopping Center
Adjacent to Flagstar Bank
Easy Access to MI State University and I-69
Income producing, Steller ROI
Listing Contacts
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