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. |