260 S Main St - Service Station FOR SALE


Lapeer, MI 48446
$1,641,000 USD
781-635-2449
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

  • RARE, 20-YR LEASE (CORPORATE TAKEOVER)
  • 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 corporate-operated Valvoline Instant Oil Change located along South Main Street in Lapeer, Michigan. The site is positioned along a high-visibility corridor within the Detroit–Warren–Dearborn MSA, surrounded by strong retail demand and established consumer traffic. Following Valvoline’s buyout of its franchisee operations, the company executed a new 20-year corporate lease, a rare extension signaling long-term confidence and proven site-level performance. Valvoline is also investing in building renovations and operational enhancements to further improve service efficiency and customer experience at this location. The 1,570 SF building, situated on 0.31 acres, operates under an absolute NNN lease providing investors with zero landlord obligations and stable, growing income. Supported by Valvoline’s 150-year operating history and nearly 2,000 national locations, this investment represents a secure, long-term cash flow opportunity backed by a best-in-class automotive operator.

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
781-635-2449

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

Danny GriffinAtlantic Capital PartnersMore Info
781-635-2449

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