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Rank #31 of 3130/100 · WEAK

SpeedwayAbsolute NNN

40 N Bridge St, Saranac, MI

Cap Rate5.25%
Asking$3,583,000
Annual Rent$188,124
Term Remaining14.3 yrs

Location Scorecard Fortis model · WEAK

Traffic (AADT)5,261 (2025)
Population (3 mi)5,183
Avg HH income (3 mi)$82,879
Daytime jobs (3 mi)447
Fuel competitors (1 mi)4
CountyIonia County

Lease & Rent

Tenant / bannerSpeedway
Lease structureAbsolute NNN
Lease expirationDec 2040
Term remaining14.3 yrs
Rent escalations1.0% annually
Renewal options4 x 5-year (lease summary workbook)

Financials

Annual rent$188,124
Asking price$3,583,000
Cap rate5.25%
Building SF2,500
Price / SF$1,433

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)