RightWay
$2,100,000.00
| Address | 6019 S Cedar Street, and 715 E Miller Road, Lansing, MI 48911 |
|---|---|
| Tenant | RightWay |
| Lease Term | 5 Years |
| Cap Rate | 6% |
| NOI | $126,000.00 |
| Options | 3 – 5 Year Options |
Description
Triple Net Investment Group is proud to present the NNN Right Way Property on 6019 S Cedar Street, and 715 E Miller Road, Lansing, MI. Rightway initially signed the lease in 2015 for property located at 6019 S Cedar street and Landlord completely remodeled the building and Righway paid for entire built out. In 2020 Rightway expanded and extended the lease to 715 E Miller Rd. Landlord built a brand new building on 715 E Miller Rd and Righway paid for all the build out and signed an extension to Sep 2027. The NNN Leased RightWay has 5 years remaining
• New 2021 construction and 2015 renovation.
• Tenant expanded and signed longer lease and paid for entire built out.
• Solid Tenant with 50 locations.
• Below market rents.
• Aboslute NNN Lease with zero landlord responsibly
• Two separate lots with 3.3 acres of land
• Nearby National Tenants include Arby’s, Buick Dealer, Lowes, MEIJER,
Panera Bread, Speedway, Target, and Chase Bank.
• Strong Demographics with 72,194 population estimate in a 3 mile radius and
High-Traffic counts location
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