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390 W Main St
Stockbridge, MI 49285

$3,550,000 USD

Service Station For Sale • 5,444 SF

Property Details

Property Type Service Station
Total Building Size 5,444 SF
Lot Size 1.52 AC
Building Class C
Year Built 2000
Cap Rate 6.25 %
Tenancy Single
Zoning C-1

30 Walk Score

                
                    Highlights
                
                                LONG TERM LEASE - 19+ years remaining on the initial term of the lease, giving a new owner peace of mind with a long term, promising investment.
                            
                                BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus depreciation model.
                            
                                ABSOLUTE NNN LEASE - Zero Landlord Responsibilities. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
                            
                                RENTAL INCREASES - 10% rent increases every 5 years, followed by Six, 5-year options, also featuring rent increases to help hedge against inflation.
                            
                                GREAT LOCATION - Located outside of Lansing, the capital and the sixth largest city in Michigan with a 2020 population of 112,644.
                            
                                FUTURE RENOVATIONS - Tenant plans to invest approximately $700,000 to modernize the store, showing its strong commitment to this site.

Property Flyers

OM - USA 2 GO - Stockbridge, MI-min

Cap Rate:

6.25 %

Public Transportation

Airport	Drive	Walk	Distance
Capital Region International	55 min	-	40.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes

Michael Matusik 714-874-4004 Prime Net Lease

390 W Main St Stockbridge, MI 49285