Collision Repair Center
3303 N East St Lansing, MI 48906
3303 N East St, Lansing, MI, 48906
$1,624,000
For Sale
$1,624,000
Single-tenant collision right repair center is offered with a new 10-year double-net lease and corporate guarantee.
Property Size11,424 SF
Lot Size1.42 Acres
Price / SF$142.16
Days on Market128
Property Features for 3303 N East St
General Information
- Standard status
- Active
- Size
- 11,424 SF
- Lot size
- 1.42 Acres
- Property subtype
- Retail
Listing agency
Fortis Net Lease
(248) 254-3406
Listed by
Robert Bender · License #6501323470
Source
Cpix.resimplifi
Added: Mar 18 Updated: Jul 22 at 3:18PM Checked: Jul 22 at 3:18PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Fortis Net Lease presents a single-tenant Collision Right Repair Center on N East St in Lansing, Michigan. The offering includes an 11,424-square-foot facility situated on 1.42 acres, operated under a new 10-year double-net structure with two, five-year renewal options. Rent increases are scheduled at 2% annually.
The lease is guaranteed by CollisionRight, LLC. The property is presented as having minimal landlord responsibilities over the lease term and is described as having ten years remaining on the initial term.
The investment is structured as a new 10-year NNN lease with corporate guarantee support from CollisionRight, LLC.
The lease is guaranteed by CollisionRight, LLC. The property is presented as having minimal landlord responsibilities over the lease term and is described as having ten years remaining on the initial term.
The investment is structured as a new 10-year NNN lease with corporate guarantee support from CollisionRight, LLC.
Key Highlights
- 11,424 SF single‑tenant Collision Right repair center on 1.42 acres in Lansing, MI
- New 10‑year NNN (double net) lease with minimal landlord responsibilities
- Lease is corporate‑guaranteed by CollisionRight, LLC
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.4k | $15.00 |
| − Vacancy | −$23.6k | −$2.07 |
| EGI | $147.7k | $12.93 |
| − OpEx | −$44.3k | −$3.88 |
| NOI | $103.4k | $9.05 |
11,424 SF · lease $15.00/SF/yr · vacancy 13.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.72M
NOI $103,399 @ 7.0% cap · market cap 6.37%
Second Best
Industrial
$1.06M
$927.8K – $1.24M
NOI $74,226 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,608 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tripp's Collision - Lansing
Auto Repair Shop
Auto Warehouse LLC
Auto Repair Shop
AW Collision Center
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Allpro Automotive & Off-road — 2724 Turner Rd, Lansing, MI 48906
- J.T.'s Quality Auto & Truck Repair — 1335 Lake Lansing Rd, Lansing, MI 48906
- Valvoline Instant Oil Change — 2517 N East St, Lansing, MI 48906
- Car place — 2724 Turner Rd, Lansing, MI 48906
- Itow LLC. — 1335 Lake Lansing Rd, Lansing, MI 48912
FAQs
What type of property is this?
Auto shop - Single-tenant collision right repair center is offered with a new 10-year double-net lease and corporate guarantee.
Where is this auto shop located?
The property is located at 3303 N East St Lansing, MI.
What is the asking price?
The asking price for this property is $1,624,000.
What are key features of this property?
This property features: 11,424 SF single‑tenant Collision Right repair center on 1.42 acres in Lansing, MI; New 10‑year NNN (double net) lease with minimal landlord responsibilities; Lease is corporate‑guaranteed by CollisionRight, LLC
