Mid-America Real Estate - Michigan, Inc. has been retained on behalf of ownership to sell the fee interest of the 1.86-acre parcel that has been long term ground leased to Valvoline Instant Oil Change in Mt Pleasant, Michigan. The site is centrally located on E. Blue Grass Road, just off US-127, Mt. Pleasant’s main retail corridor. Nearby retailers include Walmart, Sam’s Club, Menards, ALDI, JOANN, Target, and many more national and local retailers. The property is also in close proximity to Central Michigan University, hosting more than 14,000 students a semester, and Soaring Eagle Casino & Resort, bringing in 2.6 million annual visitors.
Valvoline has signed a long-term Ground Lease where the Landlord has no responsibilities. Tenant is responsible for all costs, expenses, and obligations related to repair, maintenance, replacement, taxes, and insurance. This is an ideal, management free, investment for a passive investor. Strong 10% increases in the initial term and during the options provide lease growth throughout the term of the lease.