1090-1100 Trowbridge Rd - Freestanding FOR SALE


East Lansing, MI 48823
$5,000,000 USD
248-225-0105
1090-1100 Trowbridge Rd, East Lansing, MI for Sale
$5,000,000 USD
Freestanding - FOR SALE
1/8
null | 6.68% Cap Rate

1090-1100 Trowbridge Rd
East Lansing, MI 48823


HIGHLIGHTS

  • Premier two-tenant retail center, anchored by Starbucks with a Drive-Thru and Grand River Surgery Center.
  • Strategically positioned directly next to Michigan State University, home to over 52,000 students, faculty, and staff.
  • Spartan Gateway District, a planned 14-acre mixed use development within walking distance of the subject property.
  • The shopping center is further supported by a newly constructed Springhill Suites hotel immediately behind the property.

OVERVIEW

Trowbridge Crossing is a Premier two-tenant retail center, anchored by Starbucks with a Drive-Thru and Grand River Surgery Center, a well-established medical user, which recently expanded to occupy the remaining space in the shopping center. Strategically positioned directly next to Michigan State University, home to over 52,000 students, faculty, and staff. This dense campus population ensures consistent foot traffic, strong daytime activity, and a reliable customer base throughout the year. Spartan Gateway District, a planned 14-acre mixed use development within walking distance of the subject property, will feature a 6,000-seat Olympic arena, market-rate housing, a hotel and a dynamic mix of retail and restaurant space. The shopping center is further supported by a newly constructed Springhill Suites hotel immediately behind the property. The hotel not only increases visibility but also generates repeat traffic and adds another long-term driver of customer activity to the center. Both tenants are bound by long-term triple net (NNN) leases, offering investors stable, predictable cash flow with minimal landlord responsibilities. This structure provides an attractive, low-maintenance investment opportunity with reliable returns over the long term.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

6.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trowbridge Crossings

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

B-2

APN/PARCEL ID

20-01-24-122-025

ASK ABOUT THIS PROPERTY

Anthony SesiCMP Real Estate GroupMore Info
248-225-0105

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Anthony SesiCMP Real Estate GroupMore Info
248-225-0105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.