Description

We are pleased to present this opportunity. Meineke is a single-tenant automotive-service investment offered for sale at 1845 North Wayne Road in Westland, Michigan. The 11,830-square-foot property is priced at $2,355,000, or approximately $199.07 per square foot, at a reported 7.00% capitalization rate and $164,868 in net operating income.

The property is leased to Meineke under a 20-year absolute NNN lease that commenced in November 2025 and expires in November 2045. Broker materials report 10% rent increases every five years and four five-year renewal options. The lease is guaranteed by Marcor Holdings, and the tenant is responsible for roof, parking lot, HVAC, common-area maintenance, taxes and insurance.

Built in 1960, the freestanding 11,830-square-foot facility occupies approximately 1.17 acres on North Wayne Road. Its automotive-service configuration, long lease term and position within an established Westland retail corridor form the core investment attributes.