Burlington Coat Factory - Lansing, MI
8110 West Saginaw Highway, Lansing, MI, 48917, US
CA$7,978,000 | 2,323 sm
Asset description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant NAPA Auto Parts located in Charlotte, MI (the "Property" or "Asset"). The Property is situated along Lansing Street and is adjacent to U.S. Interstate-69, which benefits from its exposure to 30,000+ vehicles per day ("VPD"). The property is occupied by NAPA Auto Parts (the "Tenant"), with ±18-year of WALT, an attractive absolute net lease and 1.00% contractual annual rent increases and four 5-year renewal options. This is an excellent opportunity for investors to acquire a completely-passive, long-term leased asset with attractive investment-grade tenancy from an essential service-based retailer coupled with contractual annual base rent increases.
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Attributes
Building area net
514 sm
Year built
1976
Land area gross
0.12 ha
Media
Investment highlights
- Absolute NNN Lease with ±18 Years of WALT (4, 5-year options)
- Genuine Parts Company provides an investment-grade (S&P: BBB) guarantee
- The Property is situated along Lansing Street and is adjacent to U.S. Interstate-69, which benefits from its exposure to 30,000+ vehicles per day ("VPD")
- The Asset is within close proximity to employers such as University of Michigan Health-Sparrow Eaton and major retailers such as McDonald's, Goodwill, Pizza Hut, Wendy's, KFC, and Advanced Auto Parts, to name a few
Contact brokers
NAPA Auto Parts - Charlotte, MI (0 Properties)
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Last updated
Mar 7, 2025
