4497 Washington - Service Station FOR SALE


Ubly, MI 48475
$1,354,000 USD
256-694-9803
4497 Washington, Ubly, MI for Sale
$1,354,000 USD
Service Station - FOR SALE
1/5
null | 5.85% Cap Rate

4497 Washington
Ubly, MI 48475


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. 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. PROXIMITY TO LOCAL SCHOOL CAMPUS: The Property is strategically located just one block from Ubly Community Schools, a consolidated K–12 campus serving approximately 600+ students and faculty, providing a consistent daily traffic driver and strong visibility from nearby student, staff, and parent activity.

FOR SALE DETAILS

PRICE

$1,354,000 USD

PRICE/SF

$442 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

40-022-039-00

ASK ABOUT THIS PROPERTY

Adam EnglishStream Capital PartnersMore Info
256-694-9803

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

Adam EnglishStream Capital PartnersMore Info
256-694-9803

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