Two-Tenant Retail Center with
For Sale
Contact for pricing
Pending
5924 W Saginaw Hwy, Lansing, MI 48917
Two corporately guaranteed NNN tenants occupy a two-tenant retail center with ample on-site parking.
Property Size9,942 SF
Lot Size1.57 Acres
Days on Market142
Property Features for 5924 W Saginaw Hwy
General Information
Standard status
Pending
Size
9,942 SF
Lot size
1.57 Acres
Property subtype
Retail
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Darin Gross · License #MI 6501384871
Source:
Crexi
Added: Apr 11
Changed: Aug 15
Last Checked: Aug 28 at 5:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
This two-tenant retail center is offered for sale and totals 9,942 square feet of rentable space on a 1.57-acre parcel. The property provides ample parking, and improvements include new pavement and LED lighting in the parking lot installed in 2020. The roof remains under warranty. The current tenant build-outs reflect active use, including a more than $1 million build-out by the anchor tenant.
Buddy’s Pizza anchors the center on a 15-year corporate NNN lease executed in 2020, with scheduled 10% rent increases every five years; the next increase is set for 2025. Buddy’s also has four, five-year renewal options, each with a 10% rent increase. A second tenant, Vitamin Shoppe, is also on a corporately guaranteed NNN lease with approximately two and a half years of remaining term and two five-year options, each with a 10% rent increase.
The center is positioned within a dominant retail hub of the market, with nearly nine million square feet of retail within a five-mile radius and major retailers in the immediate area including Target, Meijer, ALDI, Big Lots, Kroger, Kohl’s, Best Buy and TJ Maxx.
Buddy’s Pizza anchors the center on a 15-year corporate NNN lease executed in 2020, with scheduled 10% rent increases every five years; the next increase is set for 2025. Buddy’s also has four, five-year renewal options, each with a 10% rent increase. A second tenant, Vitamin Shoppe, is also on a corporately guaranteed NNN lease with approximately two and a half years of remaining term and two five-year options, each with a 10% rent increase.
The center is positioned within a dominant retail hub of the market, with nearly nine million square feet of retail within a five-mile radius and major retailers in the immediate area including Target, Meijer, ALDI, Big Lots, Kroger, Kohl’s, Best Buy and TJ Maxx.
Key Highlights
- Two‑tenant 9,942‑SF retail center on a 1.57‑acre parcel at 5924 W Saginaw Hwy in Lansing, MI.
- Ample on‑site parking plus 2020 upgrades including new parking‑lot pavement and LED lighting.
- Roof is under warranty.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48917, MI
32,679
Population
15,975
Households
2
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
24.0 sq mi
ZIP Area
1,362
Density / Sq Mi
$73,259
Median Household Income
$47,739
Median Earnings
$1,085
Median Rent
$211,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Shopping center - Two corporately guaranteed NNN tenants occupy a two-tenant retail center with ample on-site parking.
Where is this shopping center located?
The property is located at 5924 W Saginaw Hwy Lansing, MI.
What are key features of this property?
This property features: Two‑tenant 9,942‑SF retail center on a 1.57‑acre parcel at 5924 W Saginaw Hwy in Lansing, MI.; Ample on‑site parking plus 2020 upgrades including new parking‑lot pavement and LED lighting.; Roof is under warranty.
