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Rank #8 of 3177/100 · EXCELLENT

SpeedwayAbsolute NNN

2500 N Saginaw Rd, Midland, MI

Cap Rate5.25%
Asking$6,457,000
Annual Rent$338,989
Term Remaining12.3 yrs

Location Scorecard Fortis model · EXCELLENT

Traffic (AADT)14,700 (2025)
Population (3 mi)33,283
Avg HH income (3 mi)$106,686
Daytime jobs (3 mi)20,942
Fuel competitors (1 mi)0
CountyMidland County

Lease & Rent

Tenant / bannerSpeedway
Lease structureAbsolute NNN
Lease expirationDec 2038
Term remaining12.3 yrs
Rent escalations1.0% annually
Renewal options4 x 5-year (lease summary workbook)

Financials

Annual rent$338,989
Asking price$6,457,000
Cap rate5.25%
Building SF3,136
Price / SF$2,059

Financing Scenario

Loan
Down
Debt service
DSCR
Cash-on-cash
Debt yield

NNN — in-place rent treated as NOI. Illustrative only.

Full marketing flyer with demographics, traffic, aerials and lease detail.

Download Property Flyer (PDF)