4244 Blue Grass Rd Mount Pleasant, MI 48858
- Retail properties
- 1,627 SF
- 1.86 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4244 Blue Grass Rd
- Year built
- 2025
- Lot size
- 1.86 lot acres
- Property size
- 1,627 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 1,627 square foot Valvoline Instant Oil Change, built in 2025, situated on a 1.86-acre lot in Mount Pleasant, Michigan. The property boasts a 14.9-year remaining lease term (expiring 09/29/2039) with a gross lease structure, ensuring minimal landlord responsibilities. The tenant is responsible for all property expenses, including taxes and insurance, making this an ideal passive investment. The current annual net operating income (NOI) is $85,000, yielding a 5.50% cap rate. The asking price is $1,545,454. The property benefits from a prime location on East Blue Grass Road, a major retail corridor, with excellent visibility and proximity to US-127, Walmart, Sam's Club, and Central Michigan University. The lease includes three five-year renewal options, each with a 10% rent increase. The lease commencement date is October 3, 2024. This newly constructed, modern Valvoline facility is part of a thriving retail environment, surrounded by numerous national retailers and benefiting from the significant traffic generated by the university and Soaring Eagle Casino & Resort. The lease agreement requires 180 days written notice for option exercise. This is a turnkey investment with strong potential for long-term growth and passive income.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Pleasant
- County
- Isabella
- State
- Michigan
- Longitude
- -84.7597
- Latitude
- 43.5754
