Admiral Petroleum NNN Gas
For Sale
Contact for pricing
12160 W Olive Rd, Grand Haven, MI 49417
A 1992-built gas station with a long-term 20-year NNN lease on an estimated 1.15-acre parcel.
Property SizeContact for details
Days on Market120
Property Features for 12160 W Olive Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 3:37AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This Admiral Petroleum Station was constructed in 1992 and includes approximately 3,437 rentable square feet of building space on an estimated 1.15-acre site. The property is offered subject to a long-term 20-year triple-net (NNN) lease that commenced on May 31, 2016.
The lease calls for annual rent of $102,000, scheduled to increase by 2.00% annually during the base term and each of the four five-year tenant renewal options.
The lease calls for annual rent of $102,000, scheduled to increase by 2.00% annually during the base term and each of the four five-year tenant renewal options.
Key Highlights
- 1992‑built Admiral Petroleum Station at 12160 West Olive Road in Grand Haven, MI
- 3,437 rentable SF building on an estimated 1.15‑acre parcel
- Long‑term 20‑year triple‑net (NNN) lease commenced May 31, 2016
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 49417, MI
32,406
Population
14,709
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
95%
High-School Grad
46.9 sq mi
ZIP Area
691
Density / Sq Mi
$84,476
Median Household Income
$45,392
Median Earnings
$1,101
Median Rent
$287,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - A 1992-built gas station with a long-term 20-year NNN lease on an estimated 1.15-acre parcel.
Where is this gas station located?
The property is located at 12160 W Olive Rd Grand Haven, MI.
What are key features of this property?
This property features: 1992‑built Admiral Petroleum Station at 12160 West Olive Road in Grand Haven, MI; 3,437 rentable SF building on an estimated 1.15‑acre parcel; Long‑term 20‑year triple‑net (NNN) lease commenced May 31, 2016
