List Search

3701 I-75 Business Spur
Sault Sainte Marie, MI 49783

$1,020,250 USD

Auto Dealership For Sale  •  7,000 SF

Property Details

  • Property Type Auto Dealership
  • Total Building Size 7,000 SF
  • Lot Size 0.64 AC
  • Building Class C
  • Year Built 2003
  • Cap Rate 8.00 %
  • Tenancy Single
  • Zoning C
0 Transit Score
37 Walk Score

Highlights

The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's
Lease Includes a Significant 20% Rent Increase at the Beginning of the First Option Period, Enhancing Future Revenue Potential
Within a 3-Mile Radius, Sault Sainte Marie Features a Demographic Profile of 4,786 Residents With an Average Household Income of $94,878
Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,200 Stores in Operation
Founded in 1932, Advance Auto Parts Employs Over 62,000 People Nationwide
Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Advance Auto Parts 7,000 SF 3/31/2031

Amenities

  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
Sault Ste Marie 32 min - 16.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 27
Type: Surface
Included in Rent: Yes
Jack Liberatore 843-510-0551 Sands Investment Group
Jack Liberatore 843-510-0551 Sands Investment Group