3315 Coolidge Rd - Freestanding FOR SALE


East Lansing, MI 48823
$2,114,210 USD
201-919-6148
3315 Coolidge Rd, East Lansing, MI for Sale
$2,114,210 USD
Freestanding - FOR SALE
1/4
null | 9.5% Cap Rate

3315 Coolidge Rd
East Lansing, MI 48823


HIGHLIGHTS

  • Long Term, Absolute NNN Lease with Annual Increases
  • Attractive Annual Rent Escalations
  • 3.6 Miles from Michigan State University
  • Strong Demographics and Desirable Trade Area
  • Ample Parking & Direct Access, Close Proximity to U.S. 127

OVERVIEW

Northmarq is pleased to present the opportunity to acquire a fee simple interest in a single-tenant retail asset leased to Skymint, located at 3315 Coolidge Rd, in East Lansing, Michigan. The offering features a ±3,202-square foot freestanding building situated on a ±8.06-acre parcel. The tenant, Green Peak Industries, LLC (d/b/a Skymint), operates under an Absolute NNN lease with 10+ years of base term remaining and 2.00% annual rent escalations, creating a truly passive investment structure with built-in NOI growth. In addition to rent, the tenant pays a 3.00% property management fee, further enhancing cash flow for ownership.

FOR SALE DETAILS

PRICE

$2,114,210 USD

PRICE/SF

$625 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Skymint

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.13 AC

LAND SF

353,975 SF

ZONING

B4

APN/PARCEL ID

20-01-02-226-008

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

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