66,000 SF Retail Strip Center Investment | W. Saginaw Hwy. | Lansing, MI

Description:

VALUE-ADD LEASING AND REPOSITIONING OPPORTUNITY
The property’s current tenancy provides a clear path for future income growth through a combination of vacancy absorption and tenant mix optimization. With 86% occupancy and several local tenants occupying below-market positions within the center, ownership has the opportunity to attract additional regional and national retailers that complement the existing lineup. The corridor’s established retail presence, consumer traffic, and retailer demand create a compelling opportunity to elevate the merchandising profile and drive long-term revenue growth.

STRONG MIX OF NATIONAL, REGIONAL, AND INDEPENDENT OPERATORS
The center is anchored by a diverse tenant roster that includes nationally recognized brands, expanding regional concepts, and established local businesses. National tenants include Aaron’s, which operates approximately 1,200 company-operated and franchised locations throughout North America and occupies 9,188 SF (14.1% of GLA), and Little Caesars, one of the world’s largest pizza chains with more than 4,200 U.S. locations, occupying 3,000 SF (4.6% of GLA). Regional retailer SNIPES, a leading sneaker and street-wear brand with more than 450 locations worldwide,
occupies 7,000 SF (10.7% of GLA). Together, these tenants provide brand recognition, stable occupancy, and consistent customer traffic that complements the center’s strong lineup of local operators.

DOMINANT WEST LANSING RETAIL LOCATION
The property is positioned within one of Greater Lansing’s most established and expansive retail corridors, stretching more than four miles along W. Saginaw Highway. The corridor is home to virtually every major retail category, including grocery anchors such as Meijer, Kroger, and Aldi; national soft goods retailers including Target, Burlington, and TJ Maxx; and leading restaurant brands such as Chick-fil-A, Panda Express, Starbucks, Panera Bread, and Culver’s. Supported by hundreds of additional retailers, restaurants, service providers, and entertainment uses, the corridor serves as a primary shopping destination for consumers throughout the Greater Lansing region.

STRONG TRAFFIC EXPOSURE
The property benefits from exceptional traffic volumes along the surrounding corridor, with approximately 25,362 vehicles per day on W. Saginaw Highway and 17,338 vehicles per day on Waverly Road, providing consistent visibility, strong accessibility, and daily consumer traffic to the center.

DESIRABLE DEMOGRAPHICS
The asset is strategically positioned within one of Greater Lansing’s most densely populated areas, drawing from approximately 117,501 residents within a 5-mile radius. With more than 52,000 households and an average household income of $81,531, the surrounding community offers a broad and established customer base.

HIGHWAY ACCESS AND REGIONAL CONNECTIVITY
Located along W. Saginaw Highway with convenient access to Interstate 496 and Interstate 69, the property benefits from exceptional regional connectivity throughout the Greater Lansing market. The center provides convenient access for residents, commuters, and visitors traveling from Lansing, Delta Township, East Lansing, and surrounding communities, supporting strong customer traffic and long-term retail demand.

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