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301 E Main St 1,479 SF 100% Leased Retail Building Owosso, MI 48867 $1,501,000 ($1,014.87/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- RARE, 20-YR LEASE (CORPORATE TAKEOVER)
- COMMUTER CORRIDOR POSITIONING
- ESTABLISHED, PURPOSE-BUILT FACILITY
- ABSOLUTE NNN LEASE WITH ESCALATIONS
- DETROIT MSA LOCATION
- NATIONALLY RECOGNIZED CORPORATE TENANT
EXECUTIVE SUMMARY
Atlantic Capital Partners is pleased to offer the opportunity to acquire a Valvoline Instant Oil Change in Owosso, Michigan, ideally positioned along East Main Street, the area’s dominant commercial corridor with over 30,000 vehicles per day. In a demonstration of long-term confidence, Valvoline Inc. (NYSE: VVV) recently acquired this formerly franchised location and executed a new 20-year corporate lease, a rare commitment exceeding the traditional 15-year structure. The corporate conversion was accompanied
by planned building improvements and site reinvestment, reflecting the brand’s strategic commitment to high-performing markets like Owosso. The 1,479 SF property is situated on 0.28 acres and operates under an absolute NNN lease, offering investors a 100% passive structure with no landlord responsibilities. With predictable rent escalations and a strong corporate guaranty, this asset provides durable income growth from one of the most trusted automotive service brands.
by planned building improvements and site reinvestment, reflecting the brand’s strategic commitment to high-performing markets like Owosso. The 1,479 SF property is situated on 0.28 acres and operates under an absolute NNN lease, offering investors a 100% passive structure with no landlord responsibilities. With predictable rent escalations and a strong corporate guaranty, this asset provides durable income growth from one of the most trusted automotive service brands.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,479 SF
Building Class
C
Year Built/Renovated
1983/2025
Price
$1,501,000
Price Per SF
$1,014.87
Cap Rate
5.75%
NOI
$86,308
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
0.28 AC
Opportunity Zone
Yes
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Mobile 1 Lube Express
- Services
- -
- -
- -
- Owosso Lube Express
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Mobile 1 Lube Express | Services | - | - | - | ||
| Owosso Lube Express | Services | - | - | - |
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 050-470-019-007-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $84,700 |
PROPERTY TAXES
Parcel Number
050-470-019-007-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$84,700
CONTACTS
-
Danny Griffin -
David Hoppe -
Eric Suffoletto -
Ben Olmstead -
Atlantic Capital Partners
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