TruGreen – Lansing, MI

TruGreen
5935 Enterprise Dr, Lansing, MI 48911, USA

Sands Investment Group is pleased to exclusively offer for sale the 11,720 SF TruGreen NNN Asset facility in Lansing, MI. TruGreen, one of North America’s largest providers of commercial and residential landscaping services, has occupied the property since 1991 and just recently executed a fresh lease extension. This is a rare opportunity to acquire a well-located and highly functional Industrial Service Facility leased to a national credit tenant.

  • National Credit Tenant: TruGreen is the nation’s largest commercial and residential lawn care company, servicing over 2.3 million customers annually across its 350+ locations in North America.
  • Commitment to Location: TruGreen has occupied the facility since 1991 and just recently extended its lease another 5 years, further proving its long-term commitment to this facility and market
  • Former Build-to-Suit: This facility was a former build-to-suit (BTS) specifically designed for the tenant to support their business operations. Its tailored construction makes it difficult for the tenant to replace and unlikely for them to consider relocation.
  • Strong Highway Access: Located near I-496 and I-96, which are major East/West and North/South arteries, this facility provides the tenant with the ability to effectively service the entire Lansing market.
  • Strategically Located: The property is strategically located in one of Lansing’s main industrial pockets. Notable nearby tenants with strong synergy include SRS Building Products, Foundation Building Materials, Grainger, FedEx, UPS, Lowe’s, and Menards.
  • Desirable IOS Asset Class: The excess yard space at this location allows for significant Industrial Outdoor Storage (IOS), which is one of the most sought-after asset classes in today’s market.

IN COOPERATION WITH: Sands Investment Group Michigan, LLC – Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman – MI Lic. # 6502424113

TruGreen
5935 Enterprise Dr, Lansing, MI 48911, USA

TruGreen

Founded in 1973, TruGreen is the nation’s leading lawn care provider, providing lawn, tree and shrub, and pest services focused on exceeding its customers’ needs. The company operates more than 290 locations across the United States and Canada, with more than 14,000 employees. TruGreen is the partner with the local, tailored solutions and science-driven expertise needed to help each outdoor living space look and feel its very best. For more than 50 years, TruGreen has stayed committed to making its customers’ outdoor living space a place they can be proud of.

Price

$1,736,296

Cap Rate

6.75%

PREMISES

11,720 SF

YEAR BUILT

1991

RENEWAL OPTIONS

1 x 5 Year Option

Lease Expiration

12/31/2032

Lease Type

NNN

RENTAL INCREASES

10% At Option

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