Quick Lube NNN Investment
For Sale
Contact for pricing
Pending
501 West Lincoln, Ionia, MI 48846
Mobil 1 quick lube investment with an absolute triple-net lease and 6.25% rent increases.
Days on Market12
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
Changed: Jul 22
Last Checked: Aug 1 at 5:21AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
48k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Dollar General
Shops & Services
12,774 visits/mo
0.2 miles
Shell
Shops & Services
8,291 visits/mo
0.3 miles
Marathon
Shops & Services
7,856 visits/mo
0.4 miles
KFC
Dining
6,367 visits/mo
0.2 miles
Pizza Hut
Dining
4,546 visits/mo
0.2 miles
Demographics for 48846, MI
22,470
Population
7,597
Households
3
Avg Household Size
38
Median Age
12%
College-Educated
88%
High-School Grad
110.6 sq mi
ZIP Area
203
Density / Sq Mi
$66,717
Median Household Income
$37,858
Median Earnings
$804
Median Rent
$172,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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
