Quick Lube NNN Investment
501 West Lincoln Ionia, MI 48846
New
501 West Lincoln, Ionia, MI, 48846
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For Sale
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Pending
Mobil 1 quick lube investment with an absolute triple-net lease and 6.25% rent increases.
Days on Market2
Property Features for 501 West Lincoln
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
SVN | Silveri Company
(616) 949-6168
Listed by
Peter Colvin · License #MI 6501197270
Source
Crexi
Added: Jul 21 Updated: Jul 22 at 2:52AM Checked: Jul 22 at 2:52AM
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 SVN | Silveri Company
Investment Insights
Based on property information with market context.
This Mobil 1 branded quick lube property was recently purchased and converted from a Speedy Lube, operating under Lube Express of Michigan. The current lease is for 15 years and is absolute triple net. Rent increases by 6.25% every five years, and there are four additional five-year renewal options with the same increases.
Located at 501 West Lincoln in Ionia, Michigan, the property sits in the primary retail cluster along a major commercial artery, positioned halfway between Grand Rapids and Lansing. The surrounding area includes national retailers such as Napa Auto Parts, Dollar General, KFC, Pizza Hut, Burger King, AutoZone, and Sears, among others.
New documentation has been prepared, including an ALTA survey and a new environmental report, supporting an easier acquisition process.
Located at 501 West Lincoln in Ionia, Michigan, the property sits in the primary retail cluster along a major commercial artery, positioned halfway between Grand Rapids and Lansing. The surrounding area includes national retailers such as Napa Auto Parts, Dollar General, KFC, Pizza Hut, Burger King, AutoZone, and Sears, among others.
New documentation has been prepared, including an ALTA survey and a new environmental report, supporting an easier acquisition process.
Key Highlights
- Mobil 1 quick lube investment with an absolute triple‑net lease
- New 15‑year lease with rent increases of 6.25% every 5 years
- 4 additional five‑year renewal options with the same 6.25% rent increases
Property Analytics
Location Intelligence
Current Use by Public Records
Ionia Quick Lube
Auto Repair Shop
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FAQs
What type of property is this?
Auto shop - Mobil 1 quick lube investment with an absolute triple-net lease and 6.25% rent increases.
Where is this auto shop located?
The property is located at 501 West Lincoln Ionia, MI.
What are key features of this property?
This property features: Mobil 1 quick lube investment with an absolute triple‑net lease; New 15‑year lease with rent increases of 6.25% every 5 years; 4 additional five‑year renewal options with the same 6.25% rent increases
