Absolute NNN Gas Station
BONUS DEPRECIATION | LONG TERM LEASE | GREAT LOCATION
Marketing description
Prime Net Lease is pleased to present the opportunity to own a high performing USA 2 GO located in Stockbridge, Michigan. The property is encumbered with a 20-year Absolute NNN lease, leaving the landlord with zero responsibilities. There are currently 17+ years remaining on the current lease with Six, 5-year options left. The lease features 10% rental increases every 5 years, which continue through each option, to help hedge against inflation.
This USA 2 GO is highly visible as it is strategically positioned in Stockbridge, MI. Stockbridge is a village in Ingham County. It is located within Stockbridge Township about 36 miles southeast from downtown Lansing and 30 miles north west from Ann Arbor. Lansing is the capital of the U.S. state of Michigan. It is mostly in Ingham County, although portions of the city extend west into Eaton County and north into Clinton County. The 2020 census placed the city's population at 112,644, making it the sixth largest city in Michigan. The population of its metropolitan statistical area (MSA) was 541,297 at the 2020 census, the third largest in the state after metropolitan Detroit and Grand Rapids. The Lansing metropolitan area, colloquially referred to as "Mid-Michigan", is an important center for educational, cultural, governmental, commercial, and industrial functions. Neighboring East Lansing is home to Michigan State University, a public research university with an enrollment of more than 50,000. Ann Arbor is the seat of government of Washtenaw County. The 2020 census recorded its population to be 123,851, making it the fifth-largest city in Michigan. Ann Arbor is home to the University of Michigan. The university significantly shapes Ann Arbor's economy as it employs about 30,000 workers, including about 12,000 in its medical center. The city's economy is also centered on high technology, with several companies drawn to the area by the university's research and development infrastructure.
USA 2 GO Quick stores offer fast friendly service for our busy consumers. Our customers recognize USA 2 GO Quick Stores for cleanliness, a large variety of national brand products, and a great selection of liquor at State Minimum pricing. We carry over 100 specialty wines from around the world and a fantastic selection of Craft beers from Michigan and around the country.
Investment highlights
LONG TERM LEASE - 17+ years remaining on the initial term of the lease, giving a new owner peace of mind with a long term, promising investment.
ABSOLUTE NNN LEASE - Zero Landlord Responsibilities. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
RENTAL INCREASES - 10% rent increases every 5 years, followed by Six, 5-year options, also featuring rent increases to help hedge against inflation.
HIGH TRAFFIC COUNTS - Excellent visibility taking advantage of surrounding major national and local retailers and average annual daily traffic counts of over 7,664 vehicles per day from S Clinton St and 6,200 from Stockbridge Rd.
GREAT LOCATION - Located outside of Lansing, the capital and the sixth largest city in Michigan with a 2020 population of 112,644 and Ann Arbor, the fifth largest city with a 2020 population of 123,581.
FUTURE RENOVATIONS - Tenant has plans to invest approximately $700,000 into the location to modernize the store, showing its strong commitment to this location.
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