Meineke

We are pleased to present this opportunity. Meineke is a single-tenant automotive-service investment offered for sale at 1249 Columbia Avenue West in Battle Creek, Michigan. The 5,720-square-foot property is priced at $1,425,000, or approximately $249.13 per square foot, at a reported 6.50% capitalization rate and $92,579 in net operating income.

The property is 100% occupied under an absolute NNN lease that runs through November 2045. The lease is guaranteed by Marcor, a major Meineke franchisee, and includes 10% rent increases every five years plus renewal options. Under the reported lease structure, the tenant is responsible for taxes, insurance, common-area maintenance, roof, structure, HVAC and parking lot obligations.

Built in 1976, the freestanding building occupies approximately 0.80 acres on the Columbia Avenue commercial corridor.