Meineke - Battle Creek, MI - 20 Year Term - Absolute NNN
ABSOLUTE NET - Zero Landlord Responsibility | 20 Year Term
Investment highlights
Long-term lease structure provides durable, predictable cash flow with zero landlord responsibilities.
Tenant is responsible for roof, parking lot, HVAC, CAM, taxes, and insurance, eliminating capital expenditure and operating risk.
10% rental increases every 5 years, delivering consistent NOI growth and inflation protection throughout the primary term.
Lease is guaranteed by Marcor – a 52-unit Meineke operator, providing additional credit strength beyond the brand. (Marcor is the Largest Meineke Operator)
Meineke provides non-discretionary automotive services, supporting stable performance across economic cycles.
Lease runs through November 2045, offering nearly two decades of secure income with renewal options thereafter.
The property is positioned within a dense, high-traffic retail corridor anchored by numerous national tenants including Target, Meijer, Kroger, Lowe’s, Home Depot, CVS, Walgreens, McDonald’s, Taco Bell, Starbucks, and others.
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