4448 E Blue Grass Rd - Auto Repair FOR SALE


Mount Pleasant, MI 48858
$1,478,260 USD
989-623-7952
4448 E Blue Grass Rd, Mount Pleasant, MI for Sale
$1,478,260 USD
Auto Repair - FOR SALE
1/3
null | 5.75% Cap Rate

4448 E Blue Grass Rd
Mount Pleasant, MI 48858


HIGHLIGHTS

  • Great investment opportunity with a 15-year ground lease in place with zero landlord responsibilities.
  • Lease includes 10% rental increases every 5 years.
  • Low rent, low price point, and management free investment.
  • New prototype construction, scheduled to be completed in 2025.
  • Located on Walmart and Sam's Club outparcel and along main retail corridor. 

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,478,260 USD

PRICE/SF

$909 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valvoline

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

-

APN/PARCEL ID

14-026-30-001-19

ASK ABOUT THIS PROPERTY

Eric BirnholtzMid-America Real Estate - Michigan, Inc.More Info
989-623-7952

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Eric BirnholtzMid-America Real Estate - Michigan, Inc.More Info
989-623-7952

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