24086 Middlebelt Rd - Auto Repair FOR SALE


Farmington, MI 48336
$1,213,338 USD
332-345-4222
24086 Middlebelt Rd, Farmington, MI for Sale
$1,213,338 USD
Auto Repair - FOR SALE
1/2
null | 6.5% Cap Rate

24086 Middlebelt Rd
Farmington, MI 48336


HIGHLIGHTS

  • Established Automotive Service Brand
  • Corporate Guarantee from FullSpeed Automotive
  • Long-Term, Passive Lease Structure

OVERVIEW

NNN Pro is pleased to present the exclusive listing for an Uncle Ed's Oil Shoppe located at 24086 Middlebelt Road, Farmington Hills, MI 48336. The site consists of roughly 1,750 rentable square feet of building space on an estimated 0.52-acre parcel of land. This Uncle Ed's Oil Shoppe is subject to a 20 Years-year Triple Net (NNN) lease, which commenced 5/20/2021. The current annual rent is $78,867 and has scheduled increases of 1.60% annually.

FOR SALE DETAILS

PRICE

$1,213,338 USD

PRICE/SF

$693 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Uncle Ed's Oil Shoppe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

BI

APN/PARCEL ID

23-25-101-001

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.