Burlington Coat Factory - Lansing, MI_Property for Sale
Burlington Coat Factory - Lansing, MI_Property for Sale
8110 West Saginaw Highway, Lansing, MI, 48917, US

Burlington Coat Factory - Lansing, MI

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding Burlington Coat Factory located at 8110 West Saginaw Highway in Lansing, Michigan (“Property” or “Asset”). Burlington is currently operating on a 10-year NN lease subject to a condominium declaration with three, five-year renewal options and $0.50/SF rental escalations every 5-years.


Located in western Lansing, the Property is situated along W Saginaw Highway, just off Interstate 69/96 with direct accessibility to more than 103,000 vehicles per day. The area features an affluent residential base with average household incomes of nearly $97,000 within a 3-mile radius among its 29,000 residents. Notably, the Property is just 10 miles west of Michigan State University with 51,300+ students.


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Attributes

Asking price
CN¥40,355,000
Cap rate
6.5%
NOI
CN¥2,623,000
WAULT
10 years
Building area net
2,323 m²
Year built
2024

Media

Investment Highlights

  • Operating on a net lease with 10.0 years of primary lease term and three, five-year renewal options
  • College town location with Michigan State University just 10 miles west
  • Burlington is the leading off-price retailer with plans to open 400 new stores over the next 4 years
  • Adjacent to The Marketplace at Delta Township with 4.9M visits annually
  • Situated just off Interstate 69/96 with direct access to 103,000 VPD
  • Strong demand characteristics driven by 3-mile AHHI of $97K
Burlington Coat Factory - Lansing, MI 4_Property for Sale
Burlington Coat Factory - Lansing, MI 4_Property for Sale

Contact brokers

Burlington Coat Factory - Lansing, MI (0 Properties)

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Last updated
17 Mar 2025