USA 2 GO

Highlights

• LONG TERM LEASE - 19+ years remaining on the initial term of the lease, giving a new owner peace of mind with a long term, promising investment.
• BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus depreciation model (see Page 7). Consulting your Accountant or Tax Attorney is advised.
• ABSOLUTE NNN LEASE - Zero Landlord Responsibilities. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
• RENTAL INCREASES - 10% rent increases every 5 years, followed by Six, 5-year options, also featuring rent increases to help hedge against inflation.
• HIGH TRAFFIC COUNTS - Excellent visibility taking advantage of surrounding major national and local retailers and average annual daily traffic counts of over 7,664 vehicles per day from S Clinton St and 6,200 from Stockbridge Rd.
• GREAT LOCATION - Located outside of Lansing, the capital and the sixth largest city in Michigan with a 2020 population of 112,644 and Ann Arbor, the fifth largest city with a 2020 population of 123,581.
• FUTURE RENOVATIONS - Tenant has plans to invest approximately $700,000 into the location to modernize the store, showing its strong commitment to this location.

Description

Prime Net Lease is pleased to present the opportunity to own a high performing USA 2 GO located in Stockbridge, Michigan. The property is encumbered with a 20-year Absolute NNN lease, leaving the landlord with zero responsibilities. There are currently 19+ years remaining on the current lease with Six, 5-year options left. The lease features 10% rental increases every 5 years, which continue through each option, to help hedge against inflation.

This USA 2 GO is highly visible as it is strategically positioned in Stockbridge, MI. Stockbridge is a village in Ingham County. It is located within Stockbridge Township about 36 miles southeast from downtown Lansing and 30 miles north west from Ann Arbor. Lansing is the capital of the U.S. state of Michigan. It is mostly in Ingham County, although portions of the city extend west into Eaton County and north into Clinton County. The 2020 census placed the city's population at 112,644, making it the sixth largest city in Michigan. The population of its metropolitan statistical area (MSA) was 541,297 at the 2020 census, the third largest in the state after metropolitan Detroit and Grand Rapids. The Lansing metropolitan area, colloquially referred to as "Mid-Michigan", is an important center for educational, cultural, governmental, commercial, and industrial functions. Neighboring East Lansing is home to Michigan State University, a public research university with an enrollment of more than 50,000. Ann Arbor is the seat of government of Washtenaw County. The 2020 census recorded its population to be 123,851, making it the fifth-largest city in Michigan. Ann Arbor is home to the University of Michigan. The university significantly shapes Ann Arbor's economy as it employs about 30,000 workers, including about 12,000 in its medical center. The city's economy is also centered on high technology, with several companies drawn to the area by the university's research and development infrastructure.

USA 2 GO Quick stores offer fast friendly service for our busy consumers. Our customers recognize USA 2 GO Quick Stores for cleanliness, a large variety of national brand products, and a great selection of liquor at State Minimum pricing. We carry over 100 specialty wines from around the world and a fantastic selection of Craft beers from Michigan and around the country.

Stockbridge, MI is a charming small town located on the banks of the Huron River in Southern Michigan. It has a cozy feel with lots of locally owned businesses and friendly people. Residents can enjoy outdoor activities like biking and fishing, or hang out at one of the area's many parks. With its scenic views and quiet atmosphere, Stockbridge is an ideal place to live for those looking for a peaceful atmosphere. The local school district is highly rated, providing excellent educational opportunities for children living in the area. With its strong sense of community and stunning natural beauty, Stockbridge is an ideal town to call home! Capital city/College town - Central Michigan along I-96 halfway between Detroit and Grand Rapids.

Stockbridge was the first township to be organized in Ingham County. Mr. David Rogers was the first to build in Stockbridge. In the fall of 1833, the family decided to come to Michigan, and in 1834 located in Stockbridge. While coming from the East, they stopped in Washtenaw County and built a portable house. The following spring, it was loaded on a wagon and brought here. The ground was cleared and buildings erected and they became the first settlers in Stockbridge. Others soon followed. Mr. Rogers opened a store and sold goods to the early settlers, and also traded with Indians. At that time there were many deer, wolves, bears and other wild animals.

There is record of Chief Johnny Okemus and his band of braves in Meridian Township, and the Patawamie and Ottawa Tribes were numerous in this locality at that time. The Township was organized in November 26, 1936 and the Village platted soon after. The Town Hall was built on the square in 1892 and was completely renovated in 1979. It is the only original opera house still standing, located within an incorporated village in Michigan. The Town Square was given and deeded to the Township by Mr. Silas Beebe who lived in New York, but whose son, L.V. Beebe, was acting for him. The Town Hall houses the Ambulance headquarters and is frequently used for clinics, senior citizens outings, Lions Club meetings, bazaars, movies, concerts, plays, elections, township meetings and other miscellaneous activities.

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