Overview
Introducing a prime leasing opportunity at 3370 E Jolly Rd in Lansing, MI. This modern, well-maintained building offers high visibility and easy access, paired with spacious parking for both customers and employees. The versatile layout caters to diverse business needs, boasting large windows that flood the interior with natural light. With fully customizable space, high-quality finishes, and modern utilities including high-speed internet, this property is tailored for success. Professionally landscaped surroundings and security features ensure an inviting and secure environment for a range of businesses. Don't miss the chance to make this space your own.
Location Overview
The Property fronts E. Jolly Road between Lansing and Okemos with convenient access to US-127 and I-496. It sits within a strengthening healthcare cluster anchored by McLaren Greater Lansing Hospital (240 beds, opened 2022, one mile away) and its Karmanos Cancer Institute campus, with Michigan State University and its medical colleges three miles north. Dense residential and student housing across Lansing, East Lansing, Okemos, Holt, and Mason supplies the patient base for outpatient medical, imaging, urgent care, and specialty practices.
- Below-replacement basis. At $121/SF, the pricing guidance is a fraction of the $250+/SF cost to build comparable clinical space, providing downside protection.
- In-place income anchor. NovaCare Rehabilitation (Select Medical) occupies roughly half the building on a NNN basis, providing a national-operator income floor while the balance leases.
- Turn-key medical upside. The vacant 9,698 SF suite is fully built out with exam rooms, imaging rooms, and nurse stations, shortening a healthcare tenant's time-to-occupancy and reducing landlord TI.
- Irreplaceable healthcare location. One mile from a new tertiary hospital and three miles from MSU, with direct US-127 / I-496 access, driving durable medical tenant demand.
- Double-digit stabilized yield on cost. Lease-up of the vacant suite is projected to drive a roughly 10.4% yield on cost and about $550,000 of value creation.
- NNN structure. Leases are structured triple-net, limiting landlord expense exposure on occupied space and providing predictable net income at stabilization.
- Prime location on E Jolly Rd in Lansing, MI
- High visibility and easy access
- Spacious parking for customers and employees
- Modern and well-maintained building
- Versatile layout for various business needs
- Large windows for natural light
- Fully customizable interior space
- Professionally landscaped surroundings
- High-quality finishes and fixtures
- High-speed internet and modern utilities
- Security features for added peace of mind
