1904 N Larch St - Freestanding FOR SALE


Lansing, MI 48906- Northtown
$821,095 USD
248-702-0288
1904 N Larch St, Lansing, MI for Sale
$821,095 USD
Freestanding - FOR SALE
1/3
null | 7.3% Cap Rate

1904 N Larch St
Lansing, MI 48906
Northtown


HIGHLIGHTS

  • 6,865 SF Free Standing Single Tenant Advance Auto Parts Situated on 1.9 Acres
  • Double "NN" Net Lease Structure | Minimal LL Obligations
  • Low Rent Basis and Low Rent/SF
  • 6.5 Years Remaining on the Lease - Tenant's Last Email was an Early Renewal
  • Long Term Lease | Advance Auto Has Occupied Location For Over 20 Years
  • Tenant Has (2) Five Year Options w/ Rent Increases

FOR SALE DETAILS

PRICE

$821,095 USD

PRICE/SF

$120 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,686 SF

ZONING

C

APN/PARCEL ID

01-01-09-231-103

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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