Contacts
Prime Net Lease
Property Details
- Property Type Retail - Freestanding
- Property Size 4,560 SF
- Lot Size 1.52 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 1993
- Date Updated Dec 5, 2024
Reach out to the broker for more info on lease terms and amenities
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 (see Page 7). Consulting your Accountant or Tax Attorney is advised.
- 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.
- HIGH TRAFFIC COUNTS - Excellent visibility taking advantage of surrounding major national and local retailers and average annual daily traffic counts of over 7,664 vehicles per day from S Clinton St and 6,200 from Stockbridge Rd.
- GREAT LOCATION - Located outside of Lansing, the capital and the sixth largest city in Michigan with a 2020 population of 112,644 and Ann Arbor, the fifth largest city with a 2020 population of 123,581.
- FUTURE RENOVATIONS - Tenant has plans to invest approximately $700,000 into the location to modernize the store, showing its strong commitment to this location.
Attachments
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Stockbridge, MI
- Zip Code 49285
- Market Detroit
Points of Interest
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Shell
0.02 miles
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Sunoco
0.26 miles
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Marathon
0.32 miles
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BP
0.95 miles
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Mobil
8.80 miles
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Swan Fuel Service Inc
9.10 miles
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Citgo
9.43 miles
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Veterans Memorial Park Parking
0.06 miles
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Veterans Memorial Parking Outerlot
0.09 miles
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Emma Smith School Parking
0.19 miles
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Heritage School Parking
0.26 miles
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M-52 Carpool Lot
0.55 miles
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Park Lyndon South
8.07 miles
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McClure Road Parking Lot
9.23 miles
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Lakelands Trail State Park Trail Head
9.35 miles
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Cabin Guest Parking
9.60 miles
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Medina's Take Out Mexican
0.15 miles
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Stockbridge Diner
0.21 miles
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Double Deuce Dinner
0.21 miles
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Hungry Howie's
0.24 miles
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Subway
0.27 miles
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Manna
0.55 miles
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The Tin Roof
0.75 miles
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McDonald's
0.98 miles
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County Pub
5.06 miles
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Munith Cafe
5.28 miles
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Gregory Market
5.10 miles
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Schwartz Family Market
6.71 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Prime Net Lease