Central Park Plaza

Investment Overview

Investment Highlights

• CLASS A RETAIL CENTER - 19,168 SF retail and office center featuring attractive brick construction, prominent storefronts and landscaped grounds.
• HIGH-VISIBILITY HARD CORNER - Located at Grand River Avenue and Central Park Drive with excellent visibility and convenient access from both thoroughfares.
• 100% OCCUPIED | NNN LEASES - Fully occupied by 10 tenants, all operating under NNN leases with expense reimbursements. Most tenants also pay an admin fee.
• AFFLUENT OKEMOS DEMOGRAPHICS - Average household income exceeds $154,000 within one mile, with approximately 90,477 residents within five miles.
• NEAR MICHIGAN STATE UNIVERSITY - Close to MSU and its 51,838 students, providing a substantial demand base of students, faculty, staff and visitors.
• PROXIMITY TO DOWNTOWN LANSING -Convenient access to Michigan’s state capital and the region’s government, business and employment centers.
• BANK OF AMERICA WITH DRIVE-THROUGH - Longstanding national tenant with drive-through banking and a lease extending through July 2031.
• DIVERSE TENANT MIX - Bank of America, Domino’s, Milan Laser, Liberty Mutual, Moka & Co. and local operators provide a diversified mix of uses.
• SERVICE-ORIENTED TENANCY - Dining, banking, wellness and service-based tenants encourage repeat visits and offer limited exposure to e-commerce competition.
• LARGE 2.99 - ACRE SITE - Ample surface parking, convenient storefront access and strong circulation throughout the property.
• ESTABLISHED TENANCY - Longstanding tenants include Bank of America and Pacific Tan, while Domino’s lease extends through April 2036. Multiple tenants maintain renewal options.