910 S Main St - Freestanding FOR SALE


Lapeer, MI 48446
$3,940,000 USD
256-694-9803
910 S Main St, Lapeer, MI for Sale
$3,940,000 USD
Freestanding - FOR SALE
1/6
null | 6.35% Cap Rate

910 S Main St
Lapeer, MI 48446


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 six (6) 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. HIGH TRAFFIC CORRIDOR: The Property benefits from excellent visibility along South Main Street, a primary north-south retail corridor, with traffic counts in excess of 24,000 vehicles per day in the immediate trade area. NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Meijer, Kroger, Kohl’s, McDonald’s, and ALDI

FOR SALE DETAILS

PRICE

$3,940,000 USD

PRICE/SF

$4,981 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

B2 GEN

APN/PARCEL ID

L21-60-400-040-00

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.