List Search

390 W Main St
Stockbridge, MI 49285

$3,695,000 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 6.00 %
  • Tenancy Single
  • Zoning C-1
0 Transit Score
40 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

Cap Rate: 6.00 %

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Michael Matusik 714-874-4004 Prime Net Lease
Michael Matusik 714-874-4004 Prime Net Lease