11524 N Saginaw Rd - Auto Repair FOR SALE
Clio, MI 48420 |
11524 N Saginaw Rd
Clio, MI 48420
HIGHLIGHTS
- Corporate-Backed - 100% Leased to Tuffy Tire & Auto Service (under Mavis Tires Corporate Umbrella) on an Absolute NNN Lease
- “Bite-Size” NNN Asset - Automotive Service Tenant - Multi-Billion-Dollar National - Strong Credit - Nation’s Largest Tire/Service Companies
- Absolute NNN Lease Structure - Zero Landlord Responsibilities
- Upcoming (2027) 6% Rental Increase - Four 5-year Lease Extension Options -Potentially Extending Occupancy to 2052
- The Current Rental Rate is Below Prevailing Market Levels - Attractive Purchase Basis and Potential Upside in Value
- Favorable Rent - Ensuring the Property Remains competitive - Supports Future Rent Growth
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Mavis Tire (Tuffy Tire) | Absolute NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding, Service Station, Service
TOTAL BUILDING SIZE
3460
STORIES
1
YEAR BUILT
1980
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
18-24-501-031
