1115 Saginaw Rd, Midland, MI 48640-6809

This exceptional investment opportunity presents a 1,215 square foot Valvoline auto shop located at 1115 South Saginaw Road, Midland, MI 48640. The property boasts a triple-net (NNN) lease with zero landlord responsibilities, ensuring a passive income stream for the investor. The lease, with a nationally recognized brand, features a 10-year term commencing November 13, 2024, and expiring November 12, 2034, with three 5-year renewal options. The current annual net operating income (NOI) is $58,298, representing a 6.30% cap rate on the asking price of $925,361 ($761.61 per square foot). The property sits on a 0.3-acre lot and enjoys 100% occupancy. Valvoline's corporate guarantee provides significant security for this investment. The strategic location near US-10 provides easy access to Saginaw, Bay City, and Lansing, benefiting from Midland's stable population and consistent demand for commercial spaces. This is a turnkey investment with minimal management requirements and the backing of a well-established, reputable tenant. The lease includes no rent bumps during the initial term.