Lear Corporation
1250 Commerce Drive, Farwell, MI 48622
Key features
- Attractive 7.25% cap rate offering above-market yield for an investment-grade tenant, presenting a compelling risk-adjusted return relative to other net lease opportunities.
- Lear Corporation is a Fortune 500 company generating approximately $23.3 billion in annual revenue, with long-standing relationships with major OEMs including Ford, General Motors, and BMW, reinforcing tenant strength and long term viability.
- New 8-year lease with Lear Corporation (NYSE: LEA), an investment-grade (BBB- S&P) global automotive supplier, providing stable and reliable income through February 2033.
Building Details
- For Sale $7,854,124
- Property Type Industrial - Warehouse/Distribution
- Property Size 125,704 SF
- Lot Size 7.6 Acre
- Additional Rent Price on request
- Property Tenancy Single Tenant
- Year Built 2007
- Date Updated Oct 14, 2026
None
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Encore Real Estate Investment Services
Location
- City Farwell, MI
- Zip Code 48622
-
Walk score 2/100 Car-Dependent
-
Bike score 29/100 Somewhat Bikeable
Points of Interest
Sunoco
0.69 miles
Citgo
1.10 miles
Marathon
1.11 miles
ChargePoint
5.36 miles
Tesla Supercharger
5.75 miles
Clark
5.81 miles
Clipper Creek
6.02 miles
BP
6.43 miles
Trailhead Parking
3.53 miles
car parking
4.97 miles
truck parking
4.97 miles
Car Pool Parking
5.43 miles
Rocks and Valleys ORV Area
8.67 miles
Lower Parking Lot
8.68 miles
Clare Fire Department
5.53 miles
MidMichigan Medical Offices - Clare
5.62 miles
MyMichigan Medical Center Clare
5.62 miles
Lincoln Township Fire Department
8.77 miles
Burger King
5.36 miles
Big Boy
5.37 miles
Ponderosa Steakhouse
5.37 miles
Taco Bell
5.38 miles
Wendy's
5.38 miles
Subway
5.43 miles
Arby's
5.44 miles
McDonald's
5.44 miles
Culver's
5.46 miles
Whitehouse Restaurant
5.67 miles
Listing Summary
-
Property Financials 1250 Commerce Drive is currently listed for sale at $7,854,124 for a price per square foot of $62.48.
-
Property Details 1250 Commerce Drive totals 125,704 square feet of Industrial space on a lot spanning 7.6 acres. The property was initially built in 2007.
Tenancy at 1250 Commerce Drive is listed as Single Tenant.
Encore Real Estate Investment Services