100% Leased Multi-Tenant Retail Investment - 5206-5210 W Saginaw Highway, Lansing, MI

Investment Overview

NAI Farbman is pleased to present 5206-5210 W Saginaw Highway, a 21,410 SF multi-tenant retail center in Delta Township (Lansing), MI. The property has been fully repositioned from roughly 23% occupancy at acquisition to 100% leased across three tenants: United States Postal Service, All-of-Us Children's Express Theatre, and ETS Enterprises. Situated on 2.14 acres along the high-traffic W Saginaw Highway corridor (±26,672 VPD), the asset offers a diversified rent roll and in-place NOI of approximately $166,100. Offered at $2,200,000. Reflecting an in-place cap rate of approximately 7.55%. Lease expirations are laddered from 2030 (USPS) through 2031 (All-of-Us Children's Express Theatre) and 2033 (ETS Enterprises), reducing rollover risk. Recent capital improvements — including a 2012 roof replacement, a 2022 parking lot resurfacing, and substantial landlord-funded tenant build-outs — have meaningfully extended the Property's useful life and tenant appeal. The Property is minutes from General Motors' Lansing Delta Township Assembly plant and benefits from excellent regional access via I-69, I-96, and I-496.

Investment Highlights

• 100% leased 21,410 SF multi-tenant retail center with three tenants: USPS, All-of-Us Children's Express Theatre, and ETS Enterprises
• Repositioned from ~23% occupied at acquisition to fully leased, delivering in-place NOI of approximately $166,100
• High-visibility retail corridor with 26,672 vehicles per day along W Saginaw Highway
• 2.14-acre site with ±150 parking spaces and a pylon sign
• Roof replaced 2012; parking lot resurfaced 2022
• Long-standing anchor postal tenant: USPS has continuously occupied its suite since the original lease dated September 8, 2000 — over 25 years — evidencing durable, location-specific demand independent of any single lease term
• Diversified, laddered rent roll with lease expirations staggered from 2030 (USPS) through 2031 (All-of-Us Children's Express Theatre) and 2033 (ETS Enterprises), reducing rollover risk
• Strong regional employment base minutes from GM's Lansing Delta Township Assembly plant (±3,000 employees) and within a broader Lansing MSA anchored by state government, Michigan State University, and Sparrow Health