Carvana Investment Property in
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26890 Adell Center Dr, Novi, MI
Freestanding Carvana property in Novi, MI with long-term absolute NNN lease.
Property Size5,706 SF
Lot Size1.30 Acres
Price / SF$1,607
Days on Market525
Property Features for 26890 Adell Center Dr
General Information
Standard status
Active
Size
5,706 SF
Lot size
1.30 Acres
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | Detroit
(248) 688-0630
Listed By:
Frank Rogers · License #MI 6502417063
(810) 348-3324
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Sep 17
Last Checked: Sep 26 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | Detroit
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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 Center 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
