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

• Offering Price: $2,355,000

• Building Size: 11,830 Net Rentable SF

• Property Type: Net-Leased Auto Care / Retail

• Year Built: 1960

• Tenant / Brand: Meineke Car Care

• Guarantor: Marcor (52-Unit Franchisee, Largest Meineke Operator Nationwide)

• Lease Type: Absolute NNN (Zero Landlord Responsibilities)

• Rent Increases: 10% Rental Escalations Every 5 Years

• Primary Term Expiration: November 2045 (~19 Years Remaining Term)

• Renewal Options: Multiple Renewal Options Following Primary Term

• 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:

• 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.

• Inflation Protection: Built-in 10% rent increases every 5 years deliver strong compounding NOI growth over the two-decade primary term.

• 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.

• 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:

• 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.

• Proximity to Key Regional Traffic Drivers: Located minutes from the Westland Shopping Center and nearby residential developments, drawing consistent daily vehicle traffic.

• Recreational & Community Amenities: Positioned near Hines Park, a major regional outdoor destination offering public recreation facilities and trail networks.

Key Investment Highlights

• Long-Term Absolute NNN Lease running through November 2045 with zero landlord management burdens.

• Strong Guaranty by Marcor, the largest Meineke franchisee operating 52 units.

• 10% Rental Increases Every 5 Years driving long-term income growth and inflation hedge.

• Freestanding 11,830 SF Commercial Building in a dense suburban Metro Detroit market.

• Non-Discretionary Automotive Service Use providing economic resilience and stable performance.

• High-Density Commercial Location surrounded by top-performing national big-box and QSR anchors.