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    390 Main St Stockbridge, MI 49285

    Sponsored
    For Sale
    $3,695,000

    High-performing USA 2 GO, NNN lease.

    Property size:
    4,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity features a 4,560 sq ft USA 2 GO convenience store and gas station in Stockbridge, MI, boasting a strong 6% cap rate and a substantial 18.1-year remaining lease term (expiring 12/31/2042). The property sits on a 1.52-acre lot and includes six gas pumps. Built in 1993 and renovated in 2024, this location benefits from a corporate-guaranteed Absolute NNN lease with 10% rent bumps every five years and six, five-year renewal options. The property generates a substantial net operating income (NOI) of $221,700, with an asking price of $3,695,000 ($810.31/sq ft). The tenant, USA 2 GO, has committed to significant future renovations, further enhancing the property's value. This is a prime investment opportunity with minimal landlord responsibilities, offering significant long-term growth potential and a strong return on investment. The property enjoys high visibility and benefits from its strategic location near Lansing and Ann Arbor, two major Michigan cities. The location's high traffic counts, exceeding 7,664 vehicles daily on S Clinton St and 6,200 on Stockbridge Rd, contribute to its strong performance. The fee-simple ownership structure allows for bonus depreciation opportunities.

    Property Features for 390 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,560 SF
    Lot Size
    66,211 SF

    Building Details

    Year Built/Renovated
    1993/2024

    HighLights

    • 19+ year remaining lease term providing long‑term investment security.
    • Fee simple ownership allows for bonus depreciation benefits.
    • Absolute NNN lease with zero landlord responsibilities.
    • 10% rent increases every five years, plus six five‑year renewal options.
    • High traffic counts exceeding 7,664 vehicles daily on S Clinton St and 6,200 on Stockbridge Rd.
    • Prime location near Lansing and Ann Arbor, MI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shell Gas Station ATM (Stockbridge Shell) Atm USA 2 GO Gas Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stockbridge
    County
    Ingham
    State
    Michigan
    Longitude
    -84.18343282
    Latitude
    42.45213597

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    FAQs

    What type of property is this?
    Individual retail property - High-performing USA 2 GO, NNN lease.
    Where is this individual retail property located?
    The property is located at 390 Main St Stockbridge, MI.
    What is the asking price?
    The asking price for this property is $3,695,000.
    What are key features of this property?
    This property features: 19+ year remaining lease term providing long-term investment security.; Fee simple ownership allows for bonus depreciation benefits.; Absolute NNN lease with zero landlord responsibilities.
    Request Owner's contact information
    390 Main St Stockbridge, MI 49285
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    390 Main St Stockbridge, MI 49285
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