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Retail

Meijer Out Lot Ground Lease

4800 Okemos Road, Okemos, MI 48864

Listing Price: Request For Offer

Lot Size
2.65 acres
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is marketing 2.65 acres for a ground lease in Okemos, Michigan. This site is an out lot to one of Meijer's top stores in their chain. Located on Okemos Road and Grand River this site has excellent demographics, visibility, and accessibility in front of Meijer's and across the street from Meridian Mall and Meridian Town Center. Their tenants include Macy's, Younkers, JC Penny, Best Buy, Dick's Sporting Goods, Kohl's, Target, Kroger, and Marshalls. Currently on the site is a 13,500-square foot retail building with parking, occupied by House to Home Furniture. The landlord is willing to demolish the existing building to allow for a new site plan and total redevelopment of the site for a new user. The site is zoned C-2 General Commercial and is master planned "Mixed User Core" The owner is willing to enter into a long term ground lease and is asking $180,000.00 per year. There are a few restricted uses for this property and they are as follows: Drug Store, Dollar Store, Party Store, Grocery Store, Gas Station,Tire Store, Car Wash, and other noxious uses typically required from a national retailer. Please refer to Broker to make sure your use is acceptable. All utilities are at the site. The site is engineered for storm water.

Investment Highlights

  • Meijer Out Lot - 2.65 Acres 340' X 340' Approximately/Long Term Ground Lease
  • Located in Okemos, Michigan, in Front of Meijer and Across from Meridian Mall
  • Close Proximity to Michigan State University
  • Access from Okemos Road and Meijer Parking Lot
  • Excellent Demographics 103,373 People in a Five-Mile Radius and Strong Traffic Counts with Over 26,000 Cars per Day on Grand River
  • Meridian Township has Limited Land Available for Commercial and this Site is the Best Property Available in the Market
  • Twenty-Five or 50-Year Ground Lease will be Considered
  • Owner Willing to Split Parcel for the Right Tenant

Exclusively Listed By

Retail

Meijer Out Lot Ground Lease

Listing Price: Request For Offer

Lot Size
2.65 acres
Land Type
Redevelopment

Investment Highlights

  • Meijer Out Lot - 2.65 Acres 340' X 340' Approximately/Long Term Ground Lease
  • Located in Okemos, Michigan, in Front of Meijer and Across from Meridian Mall
  • Close Proximity to Michigan State University
  • Access from Okemos Road and Meijer Parking Lot
  • Excellent Demographics 103,373 People in a Five-Mile Radius and Strong Traffic Counts with Over 26,000 Cars per Day on Grand River
  • Meridian Township has Limited Land Available for Commercial and this Site is the Best Property Available in the Market
  • Twenty-Five or 50-Year Ground Lease will be Considered
  • Owner Willing to Split Parcel for the Right Tenant

Investment Overview

Marcus & Millichap is marketing 2.65 acres for a ground lease in Okemos, Michigan. This site is an out lot to one of Meijer's top stores in their chain. Located on Okemos Road and Grand River this site has excellent demographics, visibility, and accessibility in front of Meijer's and across the street from Meridian Mall and Meridian Town Center. Their tenants include Macy's, Younkers, JC Penny, Best Buy, Dick's Sporting Goods, Kohl's, Target, Kroger, and Marshalls. Currently on the site is a 13,500-square foot retail building with parking, occupied by House to Home Furniture. The landlord is willing to demolish the existing building to allow for a new site plan and total redevelopment of the site for a new user. The site is zoned C-2 General Commercial and is master planned "Mixed User Core" The owner is willing to enter into a long term ground lease and is asking $180,000.00 per year. There are a few restricted uses for this property and they are as follows: Drug Store, Dollar Store, Party Store, Grocery Store, Gas Station,Tire Store, Car Wash, and other noxious uses typically required from a national retailer. Please refer to Broker to make sure your use is acceptable. All utilities are at the site. The site is engineered for storm water.

Exclusively Listed By

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