37750 Twenty-Six Mile Rd - Service Station FOR SALE


New Baltimore, MI 48047
$1,423,367 USD
256-694-9803
37750 Twenty-Six Mile Rd, New Baltimore, MI for Sale
$1,423,367 USD
Service Station - FOR SALE
1/5
null | 6% Cap Rate

37750 Twenty-Six Mile Rd
New Baltimore, MI 48047


OVERVIEW

LONG-TERM COMMITMENT: The Property is a rare fee simple convenience store subject to a lease with 18 years remaining in the primary term and four (4) five-year renewal options STRONG CORPORATE GUARANTEE: The lease is backed by GPM Investments, a leading convenience store operator with approximately 1,400+ company-operated locations and a broader network exceeding 3,000 sites nationwide RENTAL INCREASES: Lease offers 2% annual increases providing a strong hedge against inflation BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term AFFLUENT LOCAL DEMOGRAPHICS: Site benefits from an average household income of over $101,100 within 3 miles HIGH TRAFFIC CORRIDOR: The Property benefits from excellent visibility along 26 Mile Road, a primary east-west corridor, with traffic counts in excess of 20,000 vehicles per day in the immediate trade area, driven by proximity to I-94 and surrounding retail and residential growth NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Meijer, Wendy’s, Taco Bell, and Tim Hortons

FOR SALE DETAILS

PRICE

$1,423,367 USD

PRICE/SF

$595 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

C3 GEN

APN/PARCEL ID

15-09-01-200-038

ASK ABOUT THIS PROPERTY

Adam EnglishStream Capital PartnersMore Info
256-694-9803

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Adam EnglishStream Capital PartnersMore Info
256-694-9803

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