Two-Tenant Retail Center with
5924 W Saginaw Hwy Lansing, MI 48917
5924 W Saginaw Hwy, Lansing, MI, 48917
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market103
Property Features for 5924 W Saginaw Hwy
General Information
- Standard status
- Pending
- Size
- 9,942 SF
- Lot size
- 1.57 Acres
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Detroit
Listed by
Darin Gross · License #MI 6501384871
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 4:27PM Checked: Jul 22 at 4:27PM
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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
Location Intelligence
Current Use by Public Records
KPOT Korean BBQ ...
Restaurant
The Vitamin Shoppe
(Bike/Boat/Book/etc) Store
KPot
Restaurant
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FAQs
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.
