1115 Saginaw Rd Midland, MI 48640-6809
- Auto shops
- 1,215 SF
- 0.30 lot acres
May 25, 2021
Current Use by Public Records
- Valvoline Instant Oil Change / Auto Repair Shop
Property Details for 1115 Saginaw Rd
- Year built
- 1990
- Lot size
- 0.30 lot acres
- Property size
- 1,215 SF
- Zone code
- RC
- Property type
- Auto shops
- APN
- 14-15-60-022
- APU
- 141560022
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $875,000
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Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Michigan
- Longitude
- -84.2176
- Latitude
- 43.6185
- CBSA code
- 33220
- CBSA name
- MIDLAND, MI MICROPOLITAN STATISTICAL AREA
