Corporate-Signed NNN Retail
For Sale
Contact for pricing
Pending
5216 W Saginaw Hwy, Lansing, MI 48917
Corporate-backed retail asset with a recently extended lease, scheduled rent growth, and a five-year renewal option.
Property SizeContact for details
Days on Market144
Property Features for 5216 W Saginaw Hwy
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Anchor Co-Tenants
JCPenney, Regal
Highway Access
Yes
Road Access
Yes
Listing Agency:
SRS Real Estate Partners McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #PA RSR006585
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Apr 12 at 10:46AM
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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
The NNN retail property at 5216 W Saginaw Hwy is occupied by Best Buy, which has operated at the site for more than 21 years. The lease has three years remaining, includes one five-year extension option, and is signed by the corporate tenant. A 7.41% rental increase is scheduled for April 2024. The structure assigns insurance, taxes, CAM reimbursements, and premises maintenance to the tenant, leaving no landlord responsibilities identified in the lease summary.
The property is an outparcel of Lansing Mall, an 830,000+ SF shopping center anchored by JCPenney and Regal. Nearby national and regional retailers include Hobby Lobby, Walmart Supercenter, Lowe’s, Kohl’s, and Kroger. Interstate 69 is approximately 2 miles away and records 68,300 VPD, while the site benefits from street frontage and multiple access points. The five-mile trade area includes more than 115,000 residents and 131,000 employees; average household income within one mile is $96,009.
The property is an outparcel of Lansing Mall, an 830,000+ SF shopping center anchored by JCPenney and Regal. Nearby national and regional retailers include Hobby Lobby, Walmart Supercenter, Lowe’s, Kohl’s, and Kroger. Interstate 69 is approximately 2 miles away and records 68,300 VPD, while the site benefits from street frontage and multiple access points. The five-mile trade area includes more than 115,000 residents and 131,000 employees; average household income within one mile is $96,009.
Key Highlights
- Best Buy occupancy with more than 21 years of operating history at the site
- Three years remaining on the lease with one 5‑year extension option
- 7.41% rental increase scheduled for April 2024
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed retail asset with a recently extended lease, scheduled rent growth, and a five-year renewal option.
Where is this nnn property located?
The property is located at 5216 W Saginaw Hwy Lansing, MI.
What are key features of this property?
This property features: Best Buy occupancy with more than 21 years of operating history at the site; Three years remaining on the lease with one 5‑year extension option; 7.41% rental increase scheduled for April 2024
