1249 W Columbia Ave - Auto Repair FOR SALE
Battle Creek, MI 49015 |
$1,425,000 USD
248-579-5045
1249 W Columbia Ave
Battle Creek, MI 49015
HIGHLIGHTS
- Long-term lease structure provides durable, predictable cash flow with zero landlord responsibilities
- Tenant is responsible for roof, parking lot, HVAC, CAM, taxes, and insurance, eliminating capital expenditure and operating risk
- Lease is guaranteed by Marcor – a 39-unit Meineke operator (Marcor is the Second Largest Meineke Operator)
- 10% rental increases every 5 years, delivering consistent NOI growth and inflation protection throughout the primary term
- Lease runs through November 2045, offering nearly two decades of secure income with renewal options thereafter
- Meineke provides non-discretionary automotive services, supporting stable performance across economic cycles
FOR SALE DETAILS
PRICE
$1,425,000 USD
PRICE/SF
$249 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Meineke Car Care
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
CROSS STREETS
s 22nd St
LAND ACRES
0.62 AC
LAND SF
27,007 SF
ZONING
B1
APN/PARCEL ID
0065-00-860-0
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
248-579-5045
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
248-579-5045
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
