NNN Pro Group is pleased to present the exclusive listing for an Uncle Ed’s Oil Shoppe located at 24086 Middlebelt Rd, Farmington Hills, MI. The site consists of roughly 1,750 rentable square feet of building space on estimated 0.52-acre parcel of land. This Uncle Ed’s Oil Shoppe is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 30th, 2020. The current annual rent is $76,403 and is scheduled to increase by 1.60% annually throughout the base term and in each of the 3, 5-year renewal options.
About the Investment:
✓ Long Term 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 17.96 Years Remaining
✓ 1.60% Rental Increases Annually
✓ Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
✓ Corporate Guaranty from FullSpeed Automotive | 900+ Total Units
