8505 Menard Dr
Lansing, MI
Price:
$12141000
Cap Rate:
6.75%
NOI:
$819,465
Building Size:
Approx. 52000 Sq. Ft.
Lot Size:
Approx. 5.35 Acres
Type:
Single-Tenant / Retail
Sub Category:
Anchor
Year Built:
2016
Investment Overview
- RELO to larger format | 52,000+/- SF Building on 5.35+/- Acre Site
- New 15-Yr Corp Absolute NNN Lease beginning October 2016
- Located along Delta Market Dr, just West of I-96 (51,000 VPD)
- Gander MTN is part of The Marketplace at Delta Township SC (52,000 SF)
- 8 Miles E of Lansing Mall (830,052 SF) | 11-Miles E of MSU (50,085 students)
- Major Employers: Michigan State University (11,100 Empl.), Lansing Community College
- Insurance Co’s HQ: Owners, Jackson National Life, The Accidental Fund, & Michigan Millers
- 5-Mile Estimated 2016 Population: 58,577 | 3-Mile Average HH Income: $75,592
- Lansing is the capital of the U.S. state of Michigan and 5th largest city in Michigan