501 W Lincoln Ave, Ionia, MI 48846

Commercial property for lease

• Description
• The SVN Colvin Team & Easy Leasebacks present this well-located andsuccessful quick lube investment property at a very attractive cap rate. Thebusiness was a successful Speedy Lube and was recently purchased by LubeExpress of Michigan and converted to a Mobil 1 Lube Express.The new lease runs for 15 years and is absolute triple net. Lube Express ofMichigan is a successful Mobil 1 operator with 18 locations. The rentincreases 6.25% every 5 years. There are 4 five year renewal options withthe same increases.This well-established quick lube is located in the primary retail cluster on themajor commercial artery in Ionia, located halfway between Grand Rapids andLansing. The property is surrounded by national retailers such as Napa AutoParts, Dollar General, KFC, Pizza Hut, Burger King, AutoZone, Sears and manymore.We have more of these fresh 15 year, triple net quick lubes if you are lookingfor additional properties. There is a recent ALTA survey and recentenvironmental reports, making this an easy property to acquire for a 1031. Building price details: $425,000.
• Contact info
• Peter Colvin

  SVN Silveri Company
  Kevin Joseph Lipke
• Note

• Details Info about this row that located on 501 W Lincoln Ave, Ionia, MI 48846 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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