Contact Broker for financials and confidentiality agreement.
VALUE-ADD RETAIL INVESTMENT OPPORTUNITY
Positioned along the highly established W. Saginaw Highway retail corridor, this 86%-occupied shopping center offers a compelling value-add opportunity through vacancy absorption, tenant mix optimization and the potential to capture higher market rents. Several existing local tenants occupy below-market positions, creating additional long-term upside as ownership enhances the center’s merchandising mix and attracts additional regional and national retailers.
The property features a diverse mix of national, regional and established local operators. Key tenants include Aaron’s, occupying 9,188 SF; SNIPES, occupying 7,000 SF; and Little Caesars, occupying 3,000 SF. These recognizable brands provide established customer traffic and complement the center’s local tenant base.
The property is located within one of Greater Lansing’s largest and most established retail destinations, spanning more than four miles along W. Saginaw Highway. The corridor features a concentration of major national retailers and restaurants, including Meijer, Kroger, Aldi, Target, Burlington, TJ Maxx, Chick-fil-A, Panda Express, Starbucks, Panera Bread and Culver’s, along with hundreds of additional retail, restaurant, service and entertainment businesses.
Excellent visibility and accessibility are supported by approximately 25,362 vehicles per day on W. Saginaw Highway and 17,338 vehicles per day on Waverly Road. The surrounding five-mile trade area includes approximately 117,501 residents and more than 52,000 households, with an average household income of $81,531.
Convenient access to I-496 and I-69 further strengthens the location, providing connectivity throughout Lansing, Delta Township, East Lansing and the broader Greater Lansing region.
INVESTMENT HIGHLIGHTS: 86% occupancy | Value-add leasing potential | Below-market rents | National and regional tenancy | Established retail corridor | 25,362 VPD on W. Saginaw Highway | 117,501 residents within five miles | Convenient I-496 and I-69 access