2025 E Saginaw Hwy - Auto Repair FOR SALE


Haslett, MI 48840
$3,502,656 USD
248-419-3888
2025 E Saginaw Hwy, Haslett, MI for Sale
$3,502,656 USD
Auto Repair - FOR SALE
1/6
null | 7.5% Cap Rate

2025 E Saginaw Hwy
Haslett, MI 48840


HIGHLIGHTS

  • 18,077 SF Collision Right Repair Center.
  • New 10 Year NNN Lease with a 2% annual Rent increases and two, 5-year Renewal Options.
  • Corporate Guaranteed Lease by CollisionRight, LLC

OVERVIEW

Fortis Net Lease is pleased to present a Collision Right Repair Center at 2025 E Saginaw St. in East Lansing, MI. This ten-year double net lease has minimal landlord responsibilities and ten years remaining on the initial term. The lease features 2% annual rent increases and two, five-year options. The lease is guaranteed by CollisionRight, LLC a leading consolidator of automotive collision repair shops in the United States. The subject property is strategically located in East Lansing, home of Michigan State University. The surrounding area has over 93,000 residents within 5 miles. The median household income within 5 miles exceeds $85,000. There are over 39,000 households within 5 miles. Founded in 2020, CollisionRight has acquired 100 collision repair shops in the past three and a half years, establishing the Company as the 6th largest consolidator and provider of collision repair services in the United States. The Company and its skilled repair technicians aim to provide high-quality, reliable repairs for consumers, using modern technology, paint, and parts, and to be an equally reliable partner to the Company’s insurance carrier partners who pay for the overwhelming majority of repairs undertaken by CollisionRight.

FOR SALE DETAILS

PRICE

$3,502,656 USD

PRICE/SF

$194 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

6.99 AC

LAND SF

304,477 SF

ZONING

C-2

APN/PARCEL ID

02-02-03-102-008

ASK ABOUT THIS PROPERTY

Chris ElliottFortis Net LeaseMore Info
248-419-3888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chris ElliottFortis Net LeaseMore Info
248-419-3888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.