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1416 N Leroy St
Fenton, MI 48430 Fenton/Argentine

$1,530,000 USD

Auto Repair For Sale  •  2,550 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 5,539 SF
  • Lot Size 0.64 AC
  • Building Class C
  • Year Built 2000
  • Zoning GBD
0 Transit Score
52 Walk Score

Highlights

Long-term lease structure provides durable, predictable cash flow with zero landlord responsibilities
Tenant is responsible for roof, parking lot, HVAC, CAM, taxes, and insurance, eliminating capital expenditure and operating risk
Lease is guaranteed by Marcor – a 39-unit Meineke operator (Marcor is the Second Largest Meineke Operator)
10% rental increases every 5 years, delivering consistent NOI growth and inflation protection throughout the primary term
Lease runs through November 2045, offering nearly two decades of secure income with renewal options thereafter
Meineke provides non-discretionary automotive services, supporting stable performance across economic cycles

Property Flyers

Public Transportation

AirportDriveWalkDistance
Bishop International 28 min - 14.9 mi
Sal Yaldo 248-579-5045 APEX Commercial Real Estate Advisors
Sal Yaldo 248-579-5045 APEX Commercial Real Estate Advisors