Listed by Woodworth Commercial
$825,000
STNL Advance Auto Parts
Details
APN 01-01-09-231-103
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 6,865
Cap Rate 7.27%
NOI $59,940
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 03/31/2032
Remaining Term 5.7
Lease Options 2 (5 year)
Price per SqFt $120
Year Built 2001
Buildings 1
Stories 1
Acreage 1.480
Investment Type Institutional
Retail | 7.27% CAP | 6,865 SqFt
Marketing description
Prime investment opportunity in Lansing. Free-standing building currently occupied as an auto parts store, with eight years remaining on original lease term and two (5-year) options. Landlord responsible for roof, structure and lot, tenant responsible for NNN charges.
Building is located in the retail corridor of N. Larch Street, convenient to Lansing Regional Airport, Eastwood Towne Center, Downtown Lansing, and the surrounding communities of DeWitt, Lansing, and East Lansing.
Listing Contacts
Listed by Woodworth Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,940.00
$4,995.00/mo
Valuation Metrics
0
DSCR
7.27%
Cap Rate
7.27%
ROI
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