Listing Summary
Single-tenant Meineke Car Care NNN investment in Westland, MI ($2,355,000). Absolute NNN corporate-guaranteed lease through 2045 with 10% rent bumps.
Full Description
Meineke Car Care Center | Absolute NNN Lease Investment | Westland, MI
An exceptional net-leased investment opportunity featuring an 11,830-square-foot automotive retail facility situated in Westland, Michigan. Offered at $2,355,000, this stable commercial asset is fully leased to Meineke Car Care under a long-term Absolute NNN lease running through November 2045. Backed by a strong corporate guarantee from Marcor—the largest Meineke operator nationwide with 52 locations—this offering provides investors with predictable, inflation-protected cash flow and zero landlord operational responsibilities.
Property Specifications & Financial Overview
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Offering Price: $2,355,000
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Building Size: 11,830 Net Rentable SF
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Property Type: Net-Leased Auto Care / Retail
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Year Built: 1960
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Tenant / Brand: Meineke Car Care
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Guarantor: Marcor (52-Unit Franchisee, Largest Meineke Operator Nationwide)
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Lease Type: Absolute NNN (Zero Landlord Responsibilities)
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Rent Increases: 10% Rental Escalations Every 5 Years
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Primary Term Expiration: November 2045 (~19 Years Remaining Term)
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Renewal Options: Multiple Renewal Options Following Primary Term
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Market: Metro Detroit / Westland, MI
Passive NNN Lease Terms & Top-Tier Operator Guaranty
This asset combines essential, non-discretionary retail demand with an institutional NNN lease structure:
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Zero Landlord Obligations: Under the Absolute NNN structure, the tenant directly handles all operating expenses, property taxes, insurance, routine maintenance, common area maintenance (CAM), roof, structure, HVAC, and parking lot upkeep.
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Inflation Protection: Built-in 10% rent increases every 5 years deliver strong compounding NOI growth over the two-decade primary term.
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Largest Meineke Franchisee Guaranty: Guaranteed by Marcor, a premier 52-unit operator and the largest franchisee in the Meineke ecosystem, adding substantial balance sheet strength and operational reliability.
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Recession-Resistant Service Model: Meineke provides essential automotive maintenance and repair services, maintaining steady demand regardless of broader economic fluctuations.
High-Traffic Retail Corridor & Surrounding Infrastructure
Situated along a major retail thoroughfare in Westland, the site enjoys significant vehicle exposure and surrounding commercial synergy:
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Dominant Retail Corridor: Positioned near major national retail anchors including Target, Meijer, Kroger, Lowe’s, The Home Depot, CVS, Walgreens, McDonald’s, Taco Bell, and Starbucks.
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Proximity to Key Regional Traffic Drivers: Located minutes from the Westland Shopping Center and nearby residential developments, drawing consistent daily vehicle traffic.
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Recreational & Community Amenities: Positioned near Hines Park, a major regional outdoor destination offering public recreation facilities and trail networks.
Key Investment Highlights
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Long-Term Absolute NNN Lease running through November 2045 with zero landlord management burdens.
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Strong Guaranty by Marcor, the largest Meineke franchisee operating 52 units.
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10% Rental Increases Every 5 Years driving long-term income growth and inflation hedge.
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Freestanding 11,830 SF Commercial Building in a dense suburban Metro Detroit market.
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Non-Discretionary Automotive Service Use providing economic resilience and stable performance.
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High-Density Commercial Location surrounded by top-performing national big-box and QSR anchors.
Quick Glance
- Listing ID:
CL-Michigan-28388
- Status:
Active
- Year Build:
1960
- Building Size:
11,830 SqFt
- Lot Size:
1.18 Acr
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