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11524 N Saginaw Rd
Clio, MI 48420

$342,700 USD

Auto Repair For Sale  •  3,460 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 3,460 SF
  • Lot Size 0.34 AC
  • Building Class B
  • Year Built 1980
  • Cap Rate 7.00 %
  • Tenancy Single
0 Transit Score
40 Walk Score

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

Property Flyers

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Tuffy Tire (Mavis) 3,460 SF 4/30/2032

Public Transportation

AirportDriveWalkDistance
Bishop International 36 min - 21.5 mi
Spencer O'Donnell 714-400-6267 Charter Realty Company
Spencer O'Donnell 714-400-6267 Charter Realty Company