Fully Leased, Single Tenant Investment Sale
For Sale

Property Information

  • Space
    • Warehouse: 261.250 SF
    • Office: 13,750 SF
  • 22'-26' clear warehouse ceiling height
  • 1,200 amp, 277/480 volt, 3-phase
  • Doors:
    • (71) Dock with Internal Levelers
    • (1) Grade-Level Overhead
  • Wet Sprinkled
  • Built in 1990, 2004, and 2008

275,000 SF Warehouse – Fully Leased, Single Tenant Investment Sale

Martin Commercial Properties is pleased to present the exclusive opportunity to acquire a mission-critical, single-tenant industrial facility located at 5542 West Grand River Avenue in
Lansing, Michigan. This institutional-quality asset comprises 275,000 SF of industrial space on 36.10 acres, providing significant expansion potential. Originally constructed in 1990
and expanded in 2004 and 2008, the property offers modern infrastructure and strategic positioning within a thriving industrial corridor.

Tenant & Lease Structure

The property is 100% leased to Phillips Pet Food & Supply, a leading national distributor of pet food and supplies serving specialty markets across the U.S. Phillips has occupied the facility since 2003, underscoring its critical role in the company’s Midwest distribution network.

  • Lease Term: 5-year renewal commenced January 1, 2024, expiring December 31, 2028
  • Current Rent: $5.92/SF NNN, escalating to $6.10/SF NNN in 2026
  • Annual Increases: 3%
  • Renewal Options: One additional 5-year option at Fair Market Value

Strategic Location
The property benefits from immediate access to Interstates 96 and 69, providing superior connectivity to regional and national markets. The surrounding industrial hub includes major
distribution and manufacturing facilities such as:

  • Meijer: 3M SF warehouse/distribution
  • Shyft Group: ±3M SF manufacturing/distribution
  • Amazon: 1.1M SF distribution center
  • Ultium Cells: 2.8M SF battery plant

Importantly, no speculative construction is underway, reinforcing the strength and stability of the local industrial market.

Investment Highlights

  • Mission-Critical Facility: One of 10 Phillip’s distribution centers nationwide, serving the Midwest region
  • Long-Term Occupancy: Tenant in place for over 20 years with recent lease renewal
  • Expansion Potential: 36.10-acre site allows for future growth
  • Strong Market Fundamentals: High demand, limited supply, and significant investment from major corporations in the area
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