O'Reilly Auto Parts Retail
For Sale
Contact for pricing
1419 E Columbia Ave, Battle Creek, MI 49014
Retail building occupied under a corporate NN lease with limited landlord responsibilities during the remaining lease term.
Property Size7,200 SF
Price / SF$202.78
Days on Market205
Property Features for 1419 E Columbia Ave
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$96,288
Site & Location
Corner Location
Yes
Traffic Count
21,900 vehicles/day
Additional Details
Cap Rate
6.6%
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0288
Listed By:
Deno Bistolarides · License #BRKP.2020008390
Source:
Crexi
Added: Feb 9
Changed: Sep 1
Last Checked: Aug 31 at 10:03PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This 7,200 SF retail building at 1419 E Columbia Ave is occupied by O'Reilly Automotive, Inc. under a corporately guaranteed NN lease. The lease has 3.75 years remaining, supporting a defined occupancy period with limited landlord responsibilities. The property is configured as an operating auto-parts retail location and is positioned on a corner lot.
The site is located at a high-traffic intersection with 21,900+ vehicles passing daily. The surrounding area includes prominent retailers, and Battle Creek Executive Airport is nearby. The property is in Battle Creek, Michigan, at the Columbia Avenue address provided.
The site is located at a high-traffic intersection with 21,900+ vehicles passing daily. The surrounding area includes prominent retailers, and Battle Creek Executive Airport is nearby. The property is in Battle Creek, Michigan, at the Columbia Avenue address provided.
Key Highlights
- 7,200 SF retail building at 1419 E Columbia Ave
- O'Reilly Automotive, Inc. occupies the property under a corporately guaranteed NN lease
- 3.75 years remaining on the lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,742
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,494,840
$1.5M
Cap Rate 7%
$1,067,743
$1.1M
Cap Rate 9%
$830,467
$830.5K
Market Conditions
NOI Build-Up for 7,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.5K $15.48/SF
− Vacancy
−$4.7K −$0.65/SF
EGI
$106.8K $14.83/SF
− OpEx
−$32.0K −$4.45/SF
NOI
$74.7K $10.38/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,494,840
Cap Rate 7%
$1,067,743
Cap Rate 9%
$830,467
Alternative Uses
Best Use
Retail
$1.07M
$934.3K – $1.25M
NOI $74,742 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$85.41M
$74.73M – $99.64M
NOI $5,978,628 @ 7.0% cap · market cap 409.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21,900 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
153k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 45%
Home Improvements & Furnishings 5%
Apparel 2%
Ollie's Bargain Outlet
Shops & Services
20,517 visits/mo
0.3 miles
Starbucks
Dining
13,450 visits/mo
0.4 miles
Taco Bell
Dining
12,613 visits/mo
0.5 miles
Dollar Tree
Shops & Services
11,724 visits/mo
0.3 miles
Wendy's
Dining
10,255 visits/mo
0.4 miles
Demographics for 49014, MI
21,505
Population
9,314
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
90%
High-School Grad
72.5 sq mi
ZIP Area
297
Density / Sq Mi
$63,383
Median Household Income
$40,061
Median Earnings
$997
Median Rent
$159,100
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?
Retail space - Retail building occupied under a corporate NN lease with limited landlord responsibilities during the remaining lease term.
Where is this retail space located?
The property is located at 1419 E Columbia Ave Battle Creek, MI.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: 7,200 SF retail building at 1419 E Columbia Ave; O'Reilly Automotive, Inc. occupies the property under a corporately guaranteed NN lease; 3.75 years remaining on the lease
