Sherwin-Williams and Destiny Dental
$1,751,685.00
| Address | 5601 S Cedar St Lansing, MI 48911 |
|---|---|
| Lease | Corporate |
| Lease Type | NNN |
| Cap Rate | 6.65% |
| NOI | $116,487.24 |
| Rent Increase | Date | Greater of 5-year unlimited CPI or 10% per 5-year Term |
Description
Triple Net Investment Group is proud to present 5601 S Cedar St, Lansing, MI. This Multi Tenant Building is occupied by two tenants: Sherwin-Williams and Destiny Dental. This Retail Center is a 8,165 SF building with a lot size of 1.69 Acres and a new roof with a 20 year warranty. Strategically located in a high-traffic, hard-corner retail location at traffic signal free standing and wall signage.
Located at high traffic, hard-corner retail location- free standing and excellent wall signage
Strong Population 5-mile radius : 137,614
Corporate Tenants – Sherwin-Williams: Investment Grade BBB | Desti-ny Dental: Dental Practice with Twenty (20) locations
Located near many national tenants such as Speedway, McDonald’s, AutoZone, Walgreens, O’Reilly Auto Parts, Burger King, Fazoli’s, MEI-JER, Dominos, Valvoline and less than 1.5 miles from I-96 Expressway Interchange
Destiny Dental pays management fee of up to 5% of rent and Sherwin William pays management fee of up to 10% of the CAM charges
New roof with 20 years roof warranty
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