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    26890 Adell Ctr Dr Novi, MI

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    For Sale
    $9,173,000

    Freestanding Carvana property in Novi, MI with long-term absolute NNN lease.

    Property size:
    5,706 SF
    Lot size:
    1.30 Acres

    Property Features for 26890 Adell Ctr Dr

    General Information

    Size
    5,706 SF
    Lot size
    1.30 Acres

    Source: SRS Real Estate Partners | Detroit Agent Frank Rogers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Carvana Investment Property in Novi

    This freestanding property in Novi, Michigan, is leased to Carvana, LLC, with approximately 17 years remaining on the lease term. The tenant has 4 (5-year) options to extend, demonstrating a long-term commitment to the location. The absolute NNN lease structure means zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The lease includes increases equal to the lesser of (i) 7.92337% or (ii) 1.25x CPI throughout the initial term and at the beginning of each option period.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.517682
    Latitude
    42.4756294

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    FAQs

    What type of property is this?
    Car wash - Freestanding Carvana property in Novi, MI with long-term absolute NNN lease.
    Where is this car wash located?
    The property is located at 26890 Adell Ctr Dr Novi, MI.
    What is the asking price?
    The asking price for this property is $9,173,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers a management-free investment; - Approximately 17 years remaining on the lease term, indicating long-term stability; - Carvana, LLC is the tenant, a nationally recognized company
    (810) 348-3324
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    26890 Adell Ctr Dr Novi, MI
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