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Meineke Car Care 1249 W Columbia Ave 5,720 SF Retail Building Battle Creek, MI 49015 $1,972,342 CAD ($344.82 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Long-term lease structure provides durable, predictable cash flow with zero landlord responsibilities
- Lease is guaranteed by Marcor – a 39-unit Meineke operator (Marcor is the Second Largest Meineke Operator)
- Lease runs through November 2045, offering nearly two decades of secure income with renewal options thereafter
- 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
- Meineke provides non-discretionary automotive services, supporting stable performance across economic cycles
Executive Summary
ABSOLUTE NET - Zero Landlord Responsibility | 20 Year Term
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,720 SF
Building Class
C
Year Built/Renovated
1976/2026
Price
$1,972,342 CAD
Price Per SF
$344.82 CAD
Cap Rate
6.50%
NOI
$128,139 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.62 AC
Zoning
B1
Frontage
264’ on Columbia Ave
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0065-00-860-0 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $276,805 CAD |
Property Taxes
Parcel Number
0065-00-860-0
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$276,805 CAD
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Meineke Car Care | 1249 W Columbia Ave
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