5805 West Saginaw Highway

Lansing, MI 48917

Listing ID: 215035
$2,041,000
For Sale
  • Property Type Retail : Food Service
  • Lot Size Acres 0.630
  • Building Sq Ft 2,400
  • Building Price per Sq Ft $850.42
  • Land Sq Ft 27,442
  • Land Price per Sq Ft $74.38
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Description

Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate-Michigan, Inc., is pleased to present Chipotle located at 5805 West Saginaw Highway in Lansing, Michigan. The site is located approximately 5 miles west of downtown Lansing, which is the state capitol of Michigan. The property is comprised of a newly constructed 2,400 SF retail building situated on a 0.63-acre parcel with a drive-thru. Chipotle is subject to a 10-year ground lease with a corporate guaranty and 10% increases every 5 years throughout the primary term and option periods. The site is an outlot positioned at a signalized hard corner directly across from the Lansing Mall. There are 111,075 residents within five miles of the site that have an average household income over $65,000. This asset’s location in a regional trade area at a signalized hard corner with excellent traffic exposure, combined with desirable tenancy and new construction, make it an excellent net lease investment opportunity.

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population7,84541,793109,748
Population Median Age424138
Population by Age0-9 Yrs674 (8%)4076 (9%)13576 (12%)
10-19 Yrs783 (9%)4358 (10%)12448 (11%)
20-29 Yrs1499 (19%)6722 (16%)19140 (17%)
30-39 Yrs1007 (12%)5841 (13%)15226 (13%)
40-49 Yrs773 (9%)4456 (10%)12214 (11%)
50-59 Yrs974 (12%)5688 (13%)14158 (12%)
60-69 Yrs1061 (13%)5489 (13%)12613 (11%)
70+ Yrs1075 (13%)5165 (12%)10372 (9%)
Median HH Income$54,208$59,595$49,532
Total Household Income< 24K562 (15%)3441 (18%)11099 (23%)
25-49K1174 (31%)4393 (23%)12319 (26%)
50-74K675 (18%)3638 (19%)8629 (18%)
75-99K487 (13%)2918 (15%)5978 (12%)
100-199K663 (17%)3707 (19%)7279 (15%)
200K+132 (3%)565 (3%)1113 (2%)
Highest Education LevelNo Diploma24715456418
Diploma or GED1355694518718
Some College1421769819657
Assoc. Degree78035367641
Bachelors Degree1204669814279
Higher Degree70239208010
Total Housing Units4,04619,89151,559
--Owner-Occupied1,61211,27826,459
--Renter-Occupied2,0817,38319,959
Owner-Occupied Values< 100K178274311335
100-199K931599510498
200-299K38517343254
300-399K75540858
400-499K11125229
500K+32141285
Total Working Age Population6,79335,21788,491
In Work Force4,37722,97258,294
Not In Work Force2,41612,24530,197
Workforce Employed4,18621,59254,014
Workforce Unemployed1911,3804,263
Civlian Workforce4,37722,97258,277
Military Workforce0017
Total Households3,69318,66146,418
Family Households1,93910,40025,038
Non-Family Households1,7548,26121,380
Married Couple1,3817,52416,467
Other Family5572,8768,571
Married w/Child4162,4685,854
Single Male w/Child1083571,013
Single Female w/Child2161,0873,762

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Michigan9,938,444-19,883,640+110,023,423+410,424,510
Clinton County64,753+1675,382+680,045+886,258
Eaton County103,655+4107,759+2109,760+4114,184
Ingham County279,320+1280,895+5296,059+9322,507

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Listing Agent
Wes Koontz Agent Photo

Wes Koontz

Mid-America Real Estate Corpor
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