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Meineke Car Care 1845 N Wayne Rd 11,830 SF Retail Building Westland, MI 48185 $2,355,000 ($199.07/SF) 7% Cap Rate
Investment Highlights
- Absolute Triple Net Lease with No Landlord Responsibilities
- Growing Industry Tailwind
- Dense Detroit Metro Demographics & Commuter-Driven Demand
- Largest Meineke Franchisee in the Nation
- Strategic Real Estate Fundamentals & High Barrier to Entry
- High-Traffic, High Visibility Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Meineke Car Care located at 1845 North Wayne Road, Westland, MI 48185. The site consists of roughly 11,830 rentable square feet of building space on an estimated 1.18-acre parcel of land. Meineke Car Care is subject to a 20-year Triple Net (NNN) lease, which commenced 11/10/2025. The current annual rent is $164,868 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,830 SF
Building Class
C
Year Built/Renovated
1960/2006
Price
$2,355,000
Price Per SF
$199.07
Cap Rate
7%
NOI
$164,868
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.18 AC
Zoning
CB-4, Vehicle Service - Commercial Zoned District
Frontage
182’ on Wayne Rd
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 56-045-99-0002-703 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $482,400 |
Property Taxes
Parcel Number
56-045-99-0002-703
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$482,400
Contacts
-
Stewart Hickey -
Anthony D'Ambrosia -
Josh Kanter -
Glen Kunofsky -
Christopher Marks -
Surmount
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Meineke Car Care | 1845 N Wayne Rd
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