ned`s bookstore - Landmark Commercial Real Estate Services

125-127 E. GRAND RIVER AVE
EAST LANSING, MI
INGHAM COUNTY
NED’S BOOKSTORE
Type: Lease
PROPERTY TYPE:
Shopping Center
DATE AVAILABLE:
July 1, 2016
RENT:
$28.00/SF
NNN EXPENSE:
$5.00/SF
AVAILABLE SPACE:
4,047 SF
TENANT ROSTER:
Panchero’s, Charlie Kang’s
Korean Cuisine
TRAFFIC COUNT:
Grand River Ave = 27,900
CONTACT:
Rick Shlom
Scott Sonenberg
(248) 488-2620
DESCRIPTION:
Rare opportunity to be on E. Grand River Ave
in East Lansing. The vacant space is located in
the heart of Michigan State University’s
campus (over 50,000 students) and is situated
across the street from the student union.
Area retailers include Starbucks, GNC, Noodles
& Co., Verizon, and many more national and
regional retailers. Space will have a newly
designed entrance to Grand River and a new
entrance to downtown East Lansing’s best
surface street parking area. The space will be
available July 1, 2016.
Please contact Rick Shlom or Scott Sonenberg
for more information.
Radius:
1 Mile
3 Mile
5 Mile
Pop. Density:
26,464
86,520
169,838
$55,069
$58,750
$59,219
Avg. HH Income:
LANDMARK COMMERCIAL REAL ESTATE SERVICES, INC. Ÿ 27995 HALSTED RD Ÿ SUITE 150Ÿ FARMINGTON HILLS, MI 48331 Ÿ (248) 488-2620 Ÿ WWW.LANDMARKCRES.COM
LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no
guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the
current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful,
independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.
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EAST LANSING, MI
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EAST LANSING, MI
ABOUT MSU
Tradition
Nickname: Spartans
Colors: Green and white
Mascot: Sparty
Conference: Big Ten
Campus profile
Located in East Lansing, three miles east of Michigan’s capitol in Lansing
5,200-acre campus with 2,100 acres in existing or planned development
545 buildings, including 103 with academic or instructional space
Approximately 19,600 acres throughout Michigan used for agricultural and natural resources
research and education
SPARTAN COMMUNITY
Students (fall 2015)
Approximately 50,543 total: from all 83 counties in Michigan, all 50 states in the United States, and
more than 138 other countries
39,143 undergraduate, 11,400 graduate and professional
51.6 percent women, 48.4 percent men
18.1 percent students of color, 15 percent international
Faculty and academic staff
Approximately 5,300
Support staff employees
Approximately 6,800
Living alumni
Approximately 541,000 worldwide
FULL PROFILE
2000-2010 Census, 2015 Estimates with 2020 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.7353/-84.4838
RF1
W Grand River Ave & Abbot Rd
1 mi radius
3 mi radius
5 mi radius
86,520
87,220
85,497
82,954
0.2%
0.3%
169,838
172,386
165,541
163,256
0.3%
0.3%
HOUSEHOLDS
2015 Estimated Households
2020 Projected Households
2010 Census Households
2000 Census Households
Projected Annual Growth 2015 to 2020
Historical Annual Growth 2000 to 2015
6,603
6,809
6,453
6,673
0.6%
-0.1%
32,218
33,380
31,103
29,770
0.7%
0.5%
69,327
72,309
65,975
64,139
0.9%
0.5%
2015 Est. Population Under 10 Years
2015 Est. Population 10 to 19 Years
2015 Est. Population 20 to 29 Years
2015 Est. Population 30 to 44 Years
2015 Est. Population 45 to 59 Years
2015 Est. Population 60 to 74 Years
2015 Est. Population 75 Years or Over
2015 Est. Median Age
2.8%
28.1%
51.4%
5.6%
4.9%
5.1%
2.1%
22.8
7.1%
18.9%
36.9%
12.2%
10.8%
9.4%
4.6%
28.8
9.7%
15.3%
28.4%
16.1%
14.6%
11.1%
4.8%
31.6
2015 Est. Male Population
2015 Est. Female Population
48.9%
51.1%
48.5%
51.5%
48.6%
51.4%
2015 Est. Never Married
2015 Est. Now Married
2015 Est. Separated or Divorced
2015 Est. Widowed
84.4%
10.5%
4.0%
1.1%
64.5%
22.8%
9.7%
3.0%
52.6%
30.8%
12.9%
3.7%
7.4%
3.1%
8.1%
6.6%
7.3%
8.5%
8.5%
15.4%
35.0%
$55,069
$37,656
$16,894
5.0%
3.3%
8.3%
8.8%
14.8%
13.0%
10.3%
13.9%
22.5%
$58,750
$44,251
$23,255
4.4%
3.0%
9.0%
9.1%
16.1%
14.0%
11.2%
13.0%
20.1%
$59,219
$46,015
$24,917
1,177
16,030
3,968
53,443
8,523
139,024
INCOME
2015 Est. HH Income $200,000 or More
2015 Est. HH Income $150,000 to $199,999
2015 Est. HH Income $100,000 to $149,999
2015 Est. HH Income $75,000 to $99,999
2015 Est. HH Income $50,000 to $74,999
2015 Est. HH Income $35,000 to $49,999
2015 Est. HH Income $25,000 to $34,999
2015 Est. HH Income $15,000 to $24,999
2015 Est. HH Income Under $15,000
2015 Est. Average Household Income
2015 Est. Median Household Income
2015 Est. Per Capita Income
2015 Est. Total Businesses
2015 Est. Total Employees
©2016, Sites USA, Chandler, Arizona, 480-491-1112
page 1 of 3
Demographic Source: Applied Geographic Solutions 11/2015, TIGER Geography
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
POPULATION
26,464
26,493
26,380
27,296
-0.2%
MARITAL STATUS
& GENDER
2015 Estimated Population
2020 Projected Population
2010 Census Population
2000 Census Population
Projected Annual Growth 2015 to 2020
Historical Annual Growth 2000 to 2015
AGE
East Lansing, MI 48823
FULL PROFILE
2000-2010 Census, 2015 Estimates with 2020 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.7353/-84.4838
RF1
W Grand River Ave & Abbot Rd
1 mi radius
3 mi radius
5 mi radius
2015 Est. Hispanic Population
2015 Est. Hispanic Population
2020 Proj. Hispanic Population
2010 Hispanic Population
795
3.0%
3.5%
3.0%
5,323
6.2%
7.3%
6.0%
13,342
7.9%
9.3%
7.7%
2015 Est. Adult Population (25 Years or Over)
2015 Est. Elementary (Grade Level 0 to 8)
2015 Est. Some High School (Grade Level 9 to 11)
2015 Est. High School Graduate
2015 Est. Some College
2015 Est. Associate Degree Only
2015 Est. Bachelor Degree Only
2015 Est. Graduate Degree
5,878
1.4%
1.5%
6.6%
12.5%
7.0%
31.2%
39.9%
39,423
2.0%
3.9%
13.3%
18.7%
7.6%
26.2%
28.3%
94,853
2.5%
5.4%
17.3%
20.6%
8.2%
23.5%
22.5%
2015 Est. Total Housing Units
2015 Est. Owner-Occupied
2015 Est. Renter-Occupied
2015 Est. Vacant Housing
6,843
30.1%
66.4%
3.5%
33,858
40.0%
55.1%
4.8%
73,518
46.8%
47.5%
5.7%
2010 Homes Built 2005 or later
2010 Homes Built 2000 to 2004
2010 Homes Built 1990 to 1999
2010 Homes Built 1980 to 1989
2010 Homes Built 1970 to 1979
2010 Homes Built 1960 to 1969
2010 Homes Built 1950 to 1959
2010 Homes Built Before 1949
2.9%
4.3%
7.2%
9.0%
17.5%
15.3%
15.3%
28.5%
3.1%
7.0%
9.0%
10.5%
16.9%
15.0%
15.0%
23.5%
3.2%
5.7%
9.4%
11.2%
15.6%
13.2%
15.4%
26.2%
2010 Home Value $1,000,000 or More
2010 Home Value $500,000 to $999,999
2010 Home Value $400,000 to $499,999
2010 Home Value $300,000 to $399,999
2010 Home Value $200,000 to $299,999
2010 Home Value $150,000 to $199,999
2010 Home Value $100,000 to $149,999
2010 Home Value $50,000 to $99,999
2010 Home Value $25,000 to $49,999
2010 Home Value Under $25,000
2010 Median Home Value
2010 Median Rent
0.6%
1.6%
1.6%
7.3%
22.8%
23.2%
21.4%
14.7%
3.4%
3.6%
$168,419
$853
0.6%
1.7%
1.7%
4.9%
15.8%
19.3%
22.4%
24.7%
5.9%
3.1%
$141,899
$755
0.5%
1.6%
1.5%
4.5%
13.2%
15.8%
23.9%
27.8%
6.8%
4.6%
$128,846
$696
©2016, Sites USA, Chandler, Arizona, 480-491-1112
page 2 of 3
Demographic Source: Applied Geographic Solutions 11/2015, TIGER Geography
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
RACE
71.9%
12.0%
8.6%
0.5%
7.0%
HOUSING
HISPANIC
74.6%
9.6%
9.6%
0.5%
5.8%
HOMES BUILT BY YEAR
2015 Est. White
2015 Est. Black
2015 Est. Asian or Pacific Islander
2015 Est. American Indian or Alaska Native
2015 Est. Other Races
EDUCATION
(Adults 25 or Older)
82.7%
4.4%
9.3%
0.2%
3.4%
HOME VALUES
East Lansing, MI 48823
FULL PROFILE
2000-2010 Census, 2015 Estimates with 2020 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.7353/-84.4838
RF1
W Grand River Ave & Abbot Rd
3 mi radius
5 mi radius
LABOR FORCE
25,338
47.3%
2.0%
50.7%
48.9%
51.1%
77,223
55.4%
2.8%
0.1%
41.7%
48.3%
51.7%
144,791
58.4%
3.2%
0.1%
38.4%
48.3%
51.7%
OCCUPATION
2010 Occupation: Population Age 16 Years or Over
2010 Mgmt, Business, & Financial Operations
2010 Professional, Related
2010 Service
2010 Sales, Office
2010 Farming, Fishing, Forestry
2010 Construction, Extraction, Maintenance
2010 Production, Transport, Material Moving
2010 White Collar Workers
2010 Blue Collar Workers
11,296
9.8%
29.4%
26.4%
27.8%
1.1%
1.5%
4.0%
67.0%
33.0%
38,993
12.1%
30.9%
21.9%
24.9%
0.6%
2.9%
6.7%
67.9%
32.1%
76,127
12.8%
29.0%
21.1%
24.2%
0.5%
3.8%
8.6%
66.0%
34.0%
2010 Drive to Work Alone
2010 Drive to Work in Carpool
2010 Travel to Work by Public Transportation
2010 Drive to Work on Motorcycle
2010 Walk or Bicycle to Work
2010 Other Means
2010 Work at Home
50.4%
5.7%
6.8%
32.4%
0.3%
4.3%
67.3%
7.6%
6.3%
0.1%
15.0%
0.3%
3.5%
74.4%
8.0%
4.7%
0.1%
9.2%
0.4%
3.2%
TRAVEL TIME
2010 Travel to Work in 14 Minutes or Less
2010 Travel to Work in 15 to 29 Minutes
2010 Travel to Work in 30 to 59 Minutes
2010 Travel to Work in 60 Minutes or More
2010 Average Travel Time to Work
53.4%
36.3%
7.1%
3.2%
13.4
47.6%
38.9%
9.9%
3.6%
14.6
42.4%
42.3%
11.3%
4.0%
15.8
CONSUMER EXPENDITURE
2015 Est. Total Household Expenditure
2015 Est. Apparel
2015 Est. Contributions, Gifts
2015 Est. Education, Reading
2015 Est. Entertainment
2015 Est. Food, Beverages, Tobacco
2015 Est. Furnishings, Equipment
2015 Est. Health Care, Insurance
2015 Est. Household Operations, Shelter, Utilities
2015 Est. Miscellaneous Expenses
2015 Est. Personal Care
2015 Est. Transportation
$301 M
$10.6 M
$20.7 M
$12.8 M
$16.6 M
$46.5 M
$10.0 M
$26.6 M
$93.8 M
$4.42 M
$3.92 M
$55.1 M
$1.55 B
$54.2 M
$104 M
$60.9 M
$85.8 M
$241 M
$51.8 M
$139 M
$483 M
$23.1 M
$20.2 M
$291 M
$3.36 B
$117 M
$222 M
$129 M
$186 M
$521 M
$112 M
$300 M
$1.04 B
$50.2 M
$43.7 M
$633 M
TRANSPORTATION
TO WORK
2015 Est. Labor Population Age 16 Years or Over
2015 Est. Civilian Employed
2015 Est. Civilian Unemployed
2015 Est. in Armed Forces
2015 Est. not in Labor Force
2015 Labor Force Males
2015 Labor Force Females
©2016, Sites USA, Chandler, Arizona, 480-491-1112
page 3 of 3
Demographic Source: Applied Geographic Solutions 11/2015, TIGER Geography
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
1 mi radius
East Lansing, MI 48823