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Midas 531 S Telegraph Rd 4,500 SF Retail Building Monroe, MI 48161 $1,850,876 ($411.31/SF) 5.65% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Established Manufacturing Employment Base
- Positive Demographic Trends
- Robust Unit - Level Performance
- Direct Interstate Access Between Two Major Metros
- Tight, Supply - Constrained Retail Submarket
Executive Summary
Surmount is pleased to present the exclusive listing for a Midas located at 531 South Telegraph Road, Monroe, MI 48161. The site consists of roughly 4,500 rentable square feet of building space. Midas is subject to a 20-year Triple Net (NNN) lease which commenced on September 1, 2026. The annual rent is $104,574 and has scheduled increases of 1.50% Annually Starting Year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,500 SF
Building Class
C
Year Built
1978
Price
$1,850,876
Price Per SF
$411.31
Cap Rate
5.65%
NOI
$104,574
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.50 AC
Zoning
C-2
Frontage
159’ on Telegraph Rd
Amenities
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 55-19-00212-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $241,500 |
Property Taxes
Parcel Number
55-19-00212-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$241,500
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