2628 Kalamazoo St Lansing, MI 48912

This exceptional investment opportunity presents a single-tenant, net-leased industrial/retail property located at 2628 E Kalamazoo St, Lansing, MI 48912. The 9,375 square foot building is occupied by Gerber Collision & Glass, a nationally recognized brand, under a lease with a corporate guarantee. The lease commenced March 7, 2020, and has a remaining term of 5.3 years, expiring March 6, 2030. The property boasts a strong 9.50% cap rate, generating a net operating income (NOI) of $71,792, with an asking price of $755,700 ($80.61/sq ft). The lease includes three 5-year renewal options, each with a 5% rent increase. Built in 1966 and renovated in 2020, the property benefits from a recent (2021) silicone roof coating with a transferable warranty. The property's strategic location, less than one mile from Michigan State University, ensures consistent demand and long-term stability. The tenant's recent lease extension demonstrates their commitment to the location and the property's value. This is a low-cost, low-rent location with limited landlord responsibilities, making it an attractive investment for discerning buyers seeking a secure, high-yield asset.