3588 Tittabawassee Rd - Auto Repair FOR SALE


Saginaw, MI 48604
$3,969,000 USD
415-852-5177
3588 Tittabawassee Rd, Saginaw, MI for Sale
$3,969,000 USD
Auto Repair - FOR SALE
1/7
null | 5.85% Cap Rate

3588 Tittabawassee Rd
Saginaw, MI 48604


HIGHLIGHTS

  • New 15-year absolute NNN corporate lease to a national auto collision tenant.
  • 10% rental increases every five years in initial term and four (4) option periods of five years each deliver steady growth
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • Gerber Collision & Glass has grown to one of the largest auto collision and glass repair companies in North America
  • All Gerber locations have achieved the highest training level recognized in the collision industry, the I-CAR Gold Class Professionals® designation.
  • By mid-2025, Boyd (including Gerber) exceeded 1,000 North American locations reinforcing its position as one of the largest collision repair operators

OVERVIEW

Located on Tittabawassee Road, one of the region’s most highly trafficked thoroughfares with over 30,560 vehicles daily, this property offers unmatched visibility and access in Saginaw’s dynamic retail corridor. The site’s strong infill position places it within a hub of activity surrounded by leading national retailers, creating exceptional synergy for the tenant and sustained consumer draw. Gerber Collision & Glass, the occupant under an absolute NNN lease, is among North America’s largest auto collision and glass repair operators with more than 850 locations. As part of the publicly traded Boyd Group Inc. (TSX: BYD.TO), the company’s scale and financial strength position it as a secure and stable tenant for long-term investors. The property benefits from a solid demographic base and robust income levels. More than 79,700 residents live within a five-mile radius, while the immediate one-mile area features an average household income exceeding $133,000. This combination underpins strong purchasing power and continued economic vitality for the trade area. The surrounding corridor features prominent national retailers and hospitality operators such as Walmart Supercenter, Sam’s Club, Target, Lowe’s, The Home Depot, Best Buy, Texas Roadhouse, and Outback Steakhouse, along with major hotel brands including Hampton Inn and Holiday Inn Express. These co-tenants significantly enhance traffic and elevate the overall prominence of the location. The absolute NNN lease structure ensures a truly hands-off investment, with all maintenance, repair, and capital expenditures—including roof, structure, and parking—shifted entirely to the tenant. Coupled with projected household income growth across 1-, 3-, and 5-mile radii, this asset offers investors a reliable, passive income stream within a market trending toward sustained growth.

FOR SALE DETAILS

PRICE

$3,969,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

3.38 AC

LAND SF

147,233 SF

ZONING

B-2

APN/PARCEL ID

18-13-4-34-3001-006

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.