Receiver Sale: Dark Rite Aid | Lansing MSA | 29K VPD

Highlights:

• Income-Producing Through 2030 – Absolute NNN lease with ±5 years of remaining term, generating $219,844 in annual NOI ($19.22 PSF), offering passive cash flow with zero landlord responsibilities.
• Flexible Redevelopment Potential – Dark 11,035 SF building on a generous 1.97-acre parcel, ideal for retail, medical, discount, hardware, or service-oriented users seeking an open, adaptable floorplan.
• High Traffic & Strong Visibility – Prominent corner location at Cedar St & Willoughby Rd, benefiting from direct exposure to 29,000+ vehicles per day.
• Thriving Retail Corridor – Adjacent to strong national retailers; Chesterfield Commons, anchored by Kroger (1.6M annual visits), sits just two blocks east, reinforcing sustained consumer draw.
• Growing & Improving Trade Area – Holt and the Lansing metro continue to expand, highlighted by new retail (Chick-fil-A opening 2026) and residential density (Esker Square apartments delivered 2024).
• Proximity to Major Economic Drivers – Less than 10 miles from Lansing and near Michigan State University, major state agencies, McLaren Hospital’s recent 250-bed expansion, and key highways including I-96 and US-127.

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2889/receiver-sale-dark-rite-aid-lansing-msa-29k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2889


Jones Lang Lasalle Americas, Inc. (“JLL”), in conjunction with RI Marketplace, is pleased to present for sale the dark Rite Aid Pharmacy in Holt, MI (the “Property” or “Asset”). The Property comprises 11,035 of rentable space situated on 1.8 acres of land. Located at the intersection of 23 Mile Rd and Jefferson Ave with optimal exposure to more than 29,000 VPD, the Asset provides investors with an exceptional redevelopment opportunity. Alternatively, the space’s ideal open floorplan benefits from its fungibility which can be utilized by numerous tenant concepts including hardware stores, discount stores, medical services, and more. The adjacent corridor boasts a thriving retail environment. Chesterfield Commons, anchored by Kroger, is 2 blocks east of the Property and attracts 1.6 million visits annually.

Located less than 10 miles south of Lansing is the Michigan city of Holt. Holt's location provides convenient access to Michigan State University in East Lansing, state government facilities in Lansing, and major highways including I-96 and US-127. This positioning makes it attractive to families, state employees, and university staff who want suburban living with urban amenities nearby. The immediate corridor has welcomed new businesses and apartment communities in recent years, including a new Chick-Fil-A slated to open in 2026 and the 90-unit Esker Square apartment complex which opened in 2024 and is located across the street from the Property. The surrounding Lansing metro area has experienced robust growth in recent years. In 2023 the 250-bed, McLaren Hospital was delivered and served as a catalyst for additional medical developments throughout the region.

This opportunity presents investors with a rare opportunity to capitalize on an income-producing property for 5 years with tremendous residual upside.



Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: