Listed by Sands Investment Group Austin, Sands Investment Group Los Angeles
Unpriced
TA Travel Center - Tekonsha, MI
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 12,744
Cap Rate 8.00%
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options 6 x 10 Year Options
Year Built 1996
Year Renovated 2025
Acreage 13.500
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition Sale for leaseback
TA Travel Center | 8.00% CAP | 20-Yr Abs NNN | Bonus Depreciation | 2% Annual Increases
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 12,744 SF TA Travel Center located at 15587 M-60 in Tekonsha, MI. This exceptional investment opportunity features a TA Travel Center secured by a brand-new 20-year Absolute Triple Net (NNN) Lease that commences at the close of escrow. The long-term lease structure provides stable and predictable cash flow with minimal landlord responsibilities, making it an attractive opportunity for investors seeking a high-quality, passive investment backed by a nationally recognized travel center operator.
Investment highlights
- 20-year Absolute Triple Net (NNN) Lease, zero landlord responsibilities, and 2% Annual Rent Increases.
- Qualifies for 100% Bonus Depreciation.
- Opportunity to partner with TA's largest and most experienced franchisee - LV Petroleum is the 4th largest travel center operator in the country, who have an active pipeline of 15+ travel centers.
- The location is 13.5 acres and features 5 diesel lanes, 8 gas fueling positions, 85 truck parking spots, and a truck service facility.
- I-69 is a primary NAFTA/USMCA freight corridor running from Port Huron, MI, the busiest commercial truck crossing into Canada.
- LV Petroleum operates over 80+ locations throughout the U.S.
Listing Contacts
Listed by Sands Investment Group Austin, Sands Investment Group Los Angeles
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Zoning
C3 CommercialSpecial CommercialCommercial
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