4655 24th Ave - Auto Repair FOR SALE


Fort Gratiot, MI 48059
$1,197,800 USD
330-777-1505
4655 24th Ave, Fort Gratiot, MI for Sale
$1,197,800 USD
Auto Repair - FOR SALE
1/9
null | 6.75% Cap Rate

4655 24th Ave
Fort Gratiot, MI 48059


HIGHLIGHTS

  • Scheduled Rent Increases
  • Corporate Lease
  • Minimal Management Responsibilities
  • Strategic Retail Location
  • Recession Resistant Investment
  • Strong Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Goodyear located at 4655 24th Avenue (MI Route 25) in Port Huron, Michigan (the “Property”). Goodyear has occupied this location since 1996 and recently exercised a renewal option, demonstrating their commitment to the site and the market. Goodyear has 5+ years remaining on their lease with one (1), 5-year renewal option. The lease features an attractive 10% rent increase at the start of the remaining renewal option. Goodyear is strategically positioned along 24th Avenue (OH Route 25), the area’s primary commercial and commuter corridor, where the Property benefits from excellent frontage, visibility, and prominent signage. Goodyear is a pad site to a shopping center anchored by Burlington and Hobby Lobby, and is located between Birchwood Mall, anchored by Target, and Walmart Supercenter. This concentration of national and local retailers and restaurants generates consistent consumer traffic throughout the immediate trade area. The Property is also easily accessible from surrounding residential neighborhoods and area schools, providing a built-in and reliable customer base. Located approximately 4.5 miles from Downtown Port Huron, the Blue Water Bridge to Canada, and nearby interstates 69 and 94, the site benefits from strong regional and cross-border connectivity. Port Huron is located approximately 60 miles northeast of Detroit and serves as the primary commercial and cultural hub for Michigan’s Blue Water region. The city’s position along major transportation corridors and international trade routes further supports consistent traffic and long-term regional demand.

FOR SALE DETAILS

PRICE

$1,197,800 USD

PRICE/SF

$252 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodyear

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C-2

APN/PARCEL ID

20-016-3010-500

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
330-777-1505

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Steven SchiavelloHorvath & TremblayMore Info
330-777-1505

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