Collision Repair Center
For Sale
$1,624,000
3303 N East St, Lansing, MI 48906
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 Market220
Property Features for 3303 N East St
General Information
Standard status
Active
Size
11,424 SF
Lot size
1.42 Acres
Property subtype
Retail
Zoning
S-C
Site & Location
Neighborhood
Northwest Initiative
Building Details
Building Size
11,424 SF
Listing Agency:
Fortis Net Lease
Listed By:
Robert Bender · License #6501323470
(248) 254-3406
Source:
Cpix.resimplifi
Added: Mar 18
Changed: Oct 9
Last Checked: Oct 23 at 3:24AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,399
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,067,980
$2.1M
Cap Rate 7%
$1,477,129
$1.5M
Cap Rate 9%
$1,148,878
$1.1M
Market Conditions
NOI Build-Up for 11,424 SF
Gross rent
$171.4K $15.00/SF
− Vacancy
−$23.6K −$2.07/SF
EGI
$147.7K $12.93/SF
− OpEx
−$44.3K −$3.88/SF
NOI
$103.4K $9.05/SF
Area
Lansing, MI
Vacancy
13.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,067,980
Cap Rate 7%
$1,477,129
Cap Rate 9%
$1,148,878
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48906, MI
25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- J.T.'s Quality Auto & Truck Repair — 1335 Lake Lansing Rd, Lansing, MI 48906
- Itow LLC. — 1335 Lake Lansing Rd, Lansing, MI 48912
- Valvoline Instant Oil Change — 2517 N East St, Lansing, MI 48906
- Allpro Automotive & Off-road — 2724 Turner Rd, Lansing, MI 48906
- Car place — 2724 Turner Rd, Lansing, MI 48906
Frequently Asked Questions
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
