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Mobil 1 Lube Express

7 Retail Properties Offered at $3,249,000 in Multiple Locations

Investment Highlights

  • 7 Property Master Lease Portfolio - Various Properties Across Michigan
  • 10+ Years Remaining on the Lease Equipped with Increases Every 5 Years - Increases are the Lesser of 7% or 1.25X the Change in CPI
  • Adaptable Locations - Strong Locations Offer Future Development Potential and in Strong Retail Corridors in Various Michigan Markets
  • Absolute NNN Lease with Zero Landlord Responsibilities - True "Mailbox Management" Assets
  • Strong Locations: Strategically Positioned Buildings Designed to Attract Steady Retail Traffic
  • Tenant has a Personal Guaranty on the Lease

Executive Summary

Diverse Locations: Multiple Properties Across Prime Michigan Cities, Ideal for Retail and Free-standing Use
Investment-grade Assets: Strategically Positioned Buildings Designed to Attract Steady Retail Traffic
Adaptable Sizes: Each Building Offers Versatile Layouts Suited for Various Retail Operations
Established Construction: Built for Longevity With Solid Structures Across All Properties
High Visibility: All Properties Are Located on Major Roads, Ensuring Consistent Customer Exposure
Ample Parking Options: Convenient on-site Parking for Easy Customer Access
Signage Potential: Prominent Signage Opportunities to Increase Brand Visibility
Low Overhead Spaces: Properties Sized for Efficient Operation and Manageable Upkeep Costs
Attractive Cap Rates: Designed to Generate Passive Income for Retail-focused Investors
Owner and Investor Appeal: Ideal for Owner-operators or Those Seeking Reliable Retail Income

Property Facts

Price $3,249,000
Price / SF $250.93 / SF
Cap Rate 8%
Sale Type Investment
Status Active
Number of Properties 7
Individually For Sale 0
Total Building Size 12,948 SF
Total Land Area 3.69 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2525 W Hill Rd, Flint, MI 48507 Retail 2,807 SF - -
3320 Rochester Rd, Royal Oak, MI 48073 Retail 2,020 SF 1987 -
4627 Fenton Rd, Flint, MI 48507 Retail 2,500 SF 1960 -
Lapeer Lube Express
260 S Main St, Lapeer, MI 48446
Retail 1,560 SF 1986 -
3044 W Houghton Lake Dr, Houghton Lake, MI 48629 Retail 1,156 SF 1990 -
301 E Main St, Owosso, MI 48867 Retail 1,484 SF 1983 -
33032 Dequindre Rd, Sterling Heights, MI 48310 Retail 1,421 SF 1960 -
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  • Listing ID: 34225667

  • Date on Market: 12/17/2024

  • Last Updated:

  • Address: Mobil 1 Lube Express, Flint, MI

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