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Meineke Car Care 1249 W Columbia Ave 5,720 SF Retail Building Battle Creek, MI 49015 $1,425,000 ($249.13/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term lease structure provides durable, predictable cash flow with zero landlord responsibilities
- Lease is guaranteed by Marcor – a 37-unit Meineke operator (Marcor is the Second Largest Meineke Operator)
- Lease runs through November 2045, offering nearly two decades of secure income with renewal options thereafter
- Tenant is responsible for roof, parking lot, HVAC, CAM, taxes, and insurance, eliminating capital expenditure and operating risk
- 10% rental increases every 5 years, delivering consistent NOI growth and inflation protection throughout the primary term
- Meineke provides non-discretionary automotive services, supporting stable performance across economic cycles
EXECUTIVE SUMMARY
ABSOLUTE NET - Zero Landlord Responsibility | 20 Year Term
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,720 SF
Building Class
C
Year Built
1976
Price
$1,425,000
Price Per SF
$249.13
Cap Rate
6.50%
NOI
$92,579
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.62 AC
Zoning
B1
Frontage
264’ on Columbia Ave
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0065-00-860-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $201,500 |
PROPERTY TAXES
Parcel Number
0065-00-860-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$201,500
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Meineke Car Care | 1249 W Columbia Ave
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