Meineke

Key features

• 10% rental increases every 5 years, delivering consistent NOI growth and inflation protection throughout the primary term.
• Lease is guaranteed by Marcor – a 39-unit Meineke operator, providing additional credit strength beyond the brand. (Marcor is the Second Largest Meineke Operator)
• Lease runs through November 2045, offering nearly two decades of secure income with renewal options thereafter.
• Long-term lease structure provides durable, predictable cash flow with zero landlord responsibilities.
• Meineke provides non-discretionary automotive services, supporting stable performance across economic cycles.
• Tenant is responsible for roof, parking lot, HVAC, CAM, taxes, and insurance, eliminating capital expenditure and operating risk.
• The property is positioned within a dense, high-traffic retail corridor anchored by numerous national tenants including Target, Meijer, Kroger, Lowe’s, Home Depot, CVS, Walgreens, McDonald’s, Taco Bell, Starbucks, and others.