1220 S Main St - Auto Repair FOR SALE


Adrian, MI 49221
$3,556,000 USD
615-933-1333
1220 S Main St, Adrian, MI for Sale
$3,556,000 USD
Auto Repair - FOR SALE
1/5
null | Request Cap Rate

1220 S Main St
Adrian, MI 49221


HIGHLIGHTS

  • Recession and E-Commerce Resistant Use, Qualifies for Accelerated Depreciation
  • 15-Year Absolute Net Lease with ZERO LANDLORD RESPONSIBILITIES, Bumps Every 5 Years
  • Major Retail Hub near Meijer, Walmart, Chipotle, Lowe's, Chevrolet, ALDI, Marshalls, Starbucks, etc.
  • City Population: 20,000+ | County Seat of Lenawee County with 97,000+ Residents
  • Largest Auto Repair Chain in the US with 1,800+ Locations and 30,000+ Employees
  • Adrian is a College Town that is home to Sienna College (3,600 students) and Adrian College (1,700 Students)

OVERVIEW

Newly renovated Caliber Collision center in Adrian, Michigan, within a FEDERAL OPPORTUNITY ZONE. Two building property is 100% leased and corporately guaranteed by Caliber Collision. Absolute Net structure with ZERO LANDLORD RESPONSIBILITIES. 15 Year Initial Term with Two 5-Year Options and 10% Bumps every 5 Years throughout the initial term and option periods. Building recently underwent major renovations (2024). The two buildings, with a combined square footage of 13,655sf, feature 11-roll up doors, 14 work bays, an indoor detail area ,two new state-of-the-art paint booths, and a recently-expanded parking lot which can hold 77 vehicles. Use type qualifies for ACCELERATED DEPRECIATION. Property also includes highway Billboard with a $3,000 per year lease.

FOR SALE DETAILS

PRICE

$3,556,000 USD

PRICE/SF

$260 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Collision | 15yr Abs NNN Lease in OZ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

C2

APN/PARCEL ID

MD0-110-4370-00

ASK ABOUT THIS PROPERTY

Hunter OldacreSunnyside Realty, LLCMore Info
615-933-1333

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Hunter OldacreSunnyside Realty, LLCMore Info
615-933-1333

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