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33726399
33726398

1845 North Wayne Road, Westland, MI 48185

AS
MI 6​5​0​2​4​3​3​3​0​7
APEX Commercial Real Estate Advisors
SY
MI 6501443637
APEX Commercial Real Estate Advisors
Listed by APEX Commercial Real Estate Advisors
$2,355,000
1 day on market
Updated 1 day ago

Meineke - Westland, MI - 20 Year Term - Absolute NNN

Details
Property Type Retail, Special Purpose
Sub Type Gas Station, Storefront (+1)
Square Footage 11,830
Net Rentable (SqFt) 11,830
Cap Rate 7%
NOI $164,868
Occupancy 100%
Tenancy Single
Brand/Tenant Meineke
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 11/30/2045
Remaining Term 19.5
Rent Bumps Yes
Lease Options Four, Five Years Options
Price per SqFt $199
Broker Co-Op False
Acreage 1.170
Zoning CB-3
Investment Type Net Lease
Lease Commencement 11/11/2025
Occupancy Date 11/10/2025
Ground Lease No
Ownership Free Simple

20 Year Term - ABSOLUTE NNN - Zero Landlord Responsibility

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.

Listing Contacts

AS
MI 6​5​0​2​4​3​3​3​0​7
APEX Commercial Real Estate Advisors
SY
MI 6501443637
APEX Commercial Real Estate Advisors
Listed by APEX Commercial Real Estate Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$164,868.00
$13,739.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Zoning

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CB-3 CommercialGeneral CommercialGeneral Commercial District
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Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Ayson Shammami
License
6​5​0​2​4​3​3​3​0​7
Brokerage
Apex Commercial RE
Title
Apex Commercial RE
Brokerage Address
32300 Northwestern Highway
Name
Sal Yaldo
License
6501443637
Brokerage
Apex Commercial Real Estate Advisors
Brokerage Phone
248.579.5045
Title
Managing Partner
Brokerage Address
32300 Northwestern Highway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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