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TA Travel Center - Tekonsha, MI 15587 M 60 12,744 SF Retail Building Tekonsha, MI 49092 For Sale 8% Cap Rate
Investment Highlights
- 20-year Absolute Triple Net (NNN) Lease, zero landlord responsibilities, and 2% Annual Rent Increases.
- Opportunity to partner with TA's largest and most experienced franchisee - LV Petroleum is the 4th largest travel center operator in the country.
- I-69 is a primary NAFTA/USMCA freight corridor running from Port Huron, MI, the busiest commercial truck crossing into Canada.
- Qualifies for 100% Bonus Depreciation.
- The location is 13.5 acres and features 5 diesel lanes, 8 gas fueling positions, 85 truck parking spots, and a truck service facility.
- LV Petroleum operates over 80+ locations throughout the U.S.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 12,744 SF TA Travel Center located at 15587 M-60 in Tekonsha, MI. This exceptional investment opportunity features a TA Travel Center secured by a brand-new 20-year Absolute Triple Net (NNN) Lease that commences at the close of escrow. The long-term lease structure provides stable and predictable cash flow with minimal landlord responsibilities, making it an attractive opportunity for investors seeking a high-quality, passive investment backed by a nationally recognized travel center operator.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
12,744 SF
Building Class
C
Year Built
1996
Cap Rate
8%
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
13.50 AC
Zoning
C-3
Frontage
1,162’ on M 60
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- TA Travel Center
- Retailer
- 12,744 SF
- $160.08
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| TA Travel Center | Retailer | 12,744 SF | $160.08 | - |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 44-122-063-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $294,600 |
Property Taxes
Parcel Number
44-122-063-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$294,600
Contacts
-
Matt Montagne -
Joseph Freeman -
Tyler Ellinger -
Adam Scherr -
Sands Investment Group Austin, LLC
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TA Travel Center - Tekonsha, MI | 15587 M 60
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