390 Main StStockbridge, MI 49285

Property Details for 390 Main St

Year built

1993

Lot size

1.52 AC

Property size (Sq ft)

4,560 SF

Property type

Grocery and convenience stores

APN

33-42-16-27-226-016

APU

33421627226016

Description

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.

Location Insight

City

Stockbridge

County

Ingham

State

Michigan

Latitude

42.4526

Longitude

-84.1834

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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