Listed by Trinity Real Estate Investment Services
$933,335
Advance Auto Parts
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 7,000
Cap Rate 6.75%
NOI $63,000
Tenancy Single
Brand/Tenant AutoZone, O'Reilly Auto Parts
Lease Type NN
Lease Term 35.6
Lease Expiration 12/31/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options Two (2), 5-Year
Price per SqFt $133
Class B
Year Built 2000
Buildings 1
Acreage 1.490
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/22/2001
Ground Lease No
Ownership Fee Simple
Retail | 6.75% CAP | 7,000 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire an Advance Auto Parts in Ludington, MI. The tenant has operated at this location since 2001 and is positioned along Ludington's primary commercial thoroughfare, directly opposite Mason County Airport. The subject property is located minutes from Downtown Ludington and Lake Michigan beaches.
Property Website: https://trinityreis.com/listing/5243-w-us-10/
In cooperation with Brian Brockman at Bang Realty-Michigan, Inc | MI #6502428679 | [email protected] | (513) 898-1551
Investment highlights
- Advance Auto Parts Has Operated at This Location Since 2001, With 10+ Years Remaining on Current Term — Reflecting Consistent Store Performance and Long-Term Commitment to the Location
- Positioned Along Ludington's Primary Commercial Thoroughfare, Directly Opposite Mason County Airport
- Large 1.49-Acre Parcel With Excellent Visibility Along Hwy 10 NW, Featuring 27,000+ Vehicles Passing Daily
- Just Minutes From Downtown Ludington, Lake Michigan Beaches, and Major Retailers Including Walmart, Home Depot, Tractor Supply, and Lowe's
- Strong 5-Mile Demographics of 15,000+ Residents
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,000.00
$5,250.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
C-2 CommercialNeighborhood CommercialCommunity Commercial
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View all 37 uses Last updated May 5, 2026 For deeper zoning details, reports are available at Zoneomics
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