260 S Main St - Service Station FOR SALE


Lapeer, MI 48446
$1,641,000 USD
617-239-3600
260 S Main St, Lapeer, MI for Sale
$1,641,000 USD
Service Station - FOR SALE
1/2
null | 5.75% Cap Rate

260 S Main St
Lapeer, MI 48446


HIGHLIGHTS

  • RECENT 20-YEAR EXTENSION
  • DETROIT MSA LOCATION
  • ABSOLUTE NNN LEASE STRUCTURE
  • HIGH-VISIBILITY CORRIDOR SITE
  • BUILT-IN RENT GROWTH
  • NATIONALLY RECOGNIZED CORPORATE TENANT

OVERVIEW

Atlantic Capital Partners is pleased to present the opportunity to acquire a Valvoline Instant Oil Change in Lapeer, Michigan, positioned along South Main Street. The property benefits from exceptional visibility and traffic in the region’s primary commercial corridor. The 1,570 SF building sits on 0.31 acres and is operated under an absolute NNN lease, offering investors truly passive ownership with zero landlord responsibilities. The lease structure provides reliable, long-term income with built-in rent escalations, growing from $94,343annually in the current term to over $183,848 annually if all extension options are exercised. This predictable rent growth, paired with Valvoline’s national footprint of nearly 2,000 locations, creates durable cash flow backed by one of the most recognized brands in the automotive service industry.

FOR SALE DETAILS

PRICE

$1,641,000 USD

PRICE/SF

$1,052 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lapeer Lube Express

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

B2 GEN

APN/PARCEL ID

L21-56-201-040-00

ASK ABOUT THIS PROPERTY

Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

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Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

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