Best Buy - 5216 W Saginaw Hwy
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||Net Leased Investment (NNN), Investment
||Cash to Seller
Overview / Comments
CBRE’s Net Lease Property Group Midwest is pleased to offer qualified investors the opportunity to acquire 100% fee interest in a 45,000 square foot Best Buy. The Property is in the heart of the Lansing, Michigan retail corridor. Best Buy has been at this location since 2002 and recently extended their lease through March 2023, showing a strong commitment to the site. The lease includes two additional five-year options with rental increases in each option period.
Best Buy is an outparcel to Lansing Mall, a 750,000-square foot regional mall. Best Buy and Lansing Mall are situated amongst the retail concentration along Saginaw Highway. The corridor features a strong lineup of national retailers and faces little competition on the western edge of the Lansing market and benefits from traffic along Saginaw Highway as well as access to I-69 on the eastern edge of the corridor.
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