1950 12th Mile Rd, Warren, MI 48092-2417

This exceptional investment opportunity presents a single-tenant Sunoco gas station and convenience store located at 1950 E 12 Mile Rd, Warren, MI 48092. The property, situated on a highly visible 0.55-acre corner lot at the intersection of 12 Mile Road and Dequindre Road in Macomb County, boasts a strong location within a busy commercial area. Built in 1959, this retail property features a long-term lease with a national tenant, Sunoco, providing a stable income stream. The current lease commenced June 23, 2015, and expires April 1, 2029, leaving approximately 4.4 years remaining. The property enjoys 100% occupancy and minimal landlord responsibilities, making it an attractive investment for passive income seekers. The Net Operating Income (NOI) is $52,453, resulting in a compelling 5.52% capitalization rate. The asking price for this well-established business is $950,000. This property benefits from excellent visibility and high traffic counts on both sides of the road, making it an ideal retail or vehicle-related investment. The property's strategic location and prominent presence in the market offer significant business potential. The parcel number is 12-13-18-101-001.