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Auto-Lab Complete Car Care Center - 15 YR Absolute NNN Lease

$995,000

9846 E Grand River Ave, Brighton, MI 48116

Active
Last Updated: 03/15/2025

8.07

Cap Rate

80,340

NOI

Details:
Cap Rate:    8.07%
NOI:    $80,340
Building Size:    3,107 sqft
Lot Area:    0.425 acres
Year Built:    1945
Floors:    1
Highlights:
  • Absolute NNN Lease with Zero Landlord Responsibilities - 15 Year Lease with Annual 3 Percent Increases throughout and In Options
  • A True "Mailbox Management" Asset
  • Lease Supports Two, 5-Year Options to Renew
  • Very Strong Location - Grand River Avenue is the Heart and Most Heavily Traveled Thoroughfare in Livingston County and is Home to a Plethora of National Retailers and New Growth
  • JAM Automotive is Franchisee - 3 Year Personal Guaranty from Operator
  • Brighton, MI, boasts a high-income, growing population with a median household income of $81,772 and job growth projected at 38.8% over the next decade, outpacing the national average
  • Positioned Within a Retail Corridor Surrounded by National Retailers Including Kroger, Jimmy John's, Starbucks, and AutoZone
  • Franchisor, Auto Lab, has grown to more than 29 different locations throughout Michigan, Indiana, Iowa, Florida, Connecticut, and Texas!
Description:

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Brighton is a city in Livingston County in the U.S. state of Michigan. As of the 2020 census, its population was 7,446. Brighton forms part of the South Lyon-Howell-Brighton Urban Area. It is one of two incorporated cities in Livingston County and incorporates land that was part of Brighton, Green Oak, and Genoa townships.

Throughout the year, Brighton hosts a farmers’ market, summer concert series, 4th of July Parade, Fine Art & Acoustic Music Festival in August, Smokin’ Jazz & BBQ Festival in September, Harvest Fest at the Farmers’ Market in September, the Tour de Livingston cycling race in October, Tridge-or-Treat Halloween Spooktacular and the Holiday Glow in November.

Livingston County is a county in the U.S. state of Michigan. As of the 2020 census, its population was 193,866. It is part of the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area. The county seat and most populous city is Howell. Though largely composed of bedroom communities, the county is experiencing and maintaining significant growth in both the service and industrial economic sectors. Major employers include Tribar, PepsiCo, Citizens Insurance, and ThaiSummit. The Brighton Recreation Area is in the county.

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