6555 N Newburgh Rd - Auto Repair FOR SALE


Westland, MI 48185
$1,680,000 USD
332-345-4222
6555 N Newburgh Rd, Westland, MI for Sale
$1,680,000 USD
Auto Repair - FOR SALE
1/2
null | 6.25% Cap Rate

6555 N Newburgh Rd
Westland, MI 48185


HIGHLIGHTS

  • Long-Term, 20-Year NNN Sale Leaseback
  • Strong Corporate Guarantee | The lease will be subject to a strong corporate guarantee from Drive Funding Holdco, LLC (3,500+ Units).
  • Compelling Renewal Options | The lease has 4, 5-year renewal options to extend the lease term for an additional 20 years.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 6555 N Newburgh Rd, Westland, MI 48185. The site consists of roughly 1,452 rentable square feet of building space on an estimated 0.56-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $105,000 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$12 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

546

LAND DETAILS

LAND ACRES

3.19 AC

LAND SF

138,801 SF

ZONING

CB-3

APN/PARCEL ID

56-025-99-0005-705

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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