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Built-to-Suit Rare NNN Lease 8-Yrs Remaining 2230 Fort St 6,157 SF Retail Building Lincoln Park, MI 48146 $2,662,020 CAD ($432.36 CAD/SF) 7% Cap Rate



INVESTMENT HIGHLIGHTS
- Rare NNN lease with landlord responsibilities limited to the foundation and structure
- High-traffic location with 36,348 vehicles per day along Fort Street (M-85) & a combined 75,378 vehicles per day at nearby Fort St. & Southfield Rd
- Within proximity to national anchors including Kroger, Meijer, Walmart, and Aldi
- Eight years remaining with seven percent increases in option period
- Densely populated market - 130,244 residents within 3 miles
- Centrally positioned in the Downriver Detroit market, the “Crossroads of Downriver,” connecting Southgate, Allen Park, Wyandotte, and Taylor
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present this 6,157-square-foot freestanding Advance Auto Parts in Lincoln Park, Michigan. Built-to-suit in 2010 for
Advance Auto Parts, the property sits on a 0.94-acre parcel with 28 parking spaces. Located along Fort Street (M-85), a primary Downriver Detroit corridor with 36,348 vehicles per day and a combined 75,378 vehicles per day at the nearby Fort Street and Southfield Road intersection, the property offers strong visibility and accessibility. Positioned within Lincoln Park—known as the “Crossroads of Downriver”—the site benefits from direct access to Interstate 75, downtown Detroit, the Gordie Howe International Bridge, and Detroit Metropolitan Wayne County Airport. The surrounding trade area features 130,244 residents within a 3-mile radius, supported by a blue-collar workforce historically tied to the automotive and steel industries. Consumer demand is reinforced by proximity to national retailers including McDonald’s, Aldi, Walgreens, Family Dollar, Meijer, Walmart, along with healthcare providers such as CareFirst Urgent Care and Get Well Urgent Care. The area is further strengthened by ongoing redevelopment, including the planned transformation of the former Sears site in Lincoln Park. The15.9-acre property is being redeveloped by A.F. Jonna Development into a mixed-use complex with approximately 110,000 square feet of retail space, multiple commercial buildings, business condominiums, and a four-story hotel. Plans also call for national retailers, including Chick-fil-A, along with other commercial tenants. Lincoln Park’s consumer base is complemented by regional amenities such as Grosse Ile and Lake Erie Metropark, along with Wayne County’s economic drivers in healthcare, logistics, education, and advanced manufacturing.
Advance Auto Parts, the property sits on a 0.94-acre parcel with 28 parking spaces. Located along Fort Street (M-85), a primary Downriver Detroit corridor with 36,348 vehicles per day and a combined 75,378 vehicles per day at the nearby Fort Street and Southfield Road intersection, the property offers strong visibility and accessibility. Positioned within Lincoln Park—known as the “Crossroads of Downriver”—the site benefits from direct access to Interstate 75, downtown Detroit, the Gordie Howe International Bridge, and Detroit Metropolitan Wayne County Airport. The surrounding trade area features 130,244 residents within a 3-mile radius, supported by a blue-collar workforce historically tied to the automotive and steel industries. Consumer demand is reinforced by proximity to national retailers including McDonald’s, Aldi, Walgreens, Family Dollar, Meijer, Walmart, along with healthcare providers such as CareFirst Urgent Care and Get Well Urgent Care. The area is further strengthened by ongoing redevelopment, including the planned transformation of the former Sears site in Lincoln Park. The15.9-acre property is being redeveloped by A.F. Jonna Development into a mixed-use complex with approximately 110,000 square feet of retail space, multiple commercial buildings, business condominiums, and a four-story hotel. Plans also call for national retailers, including Chick-fil-A, along with other commercial tenants. Lincoln Park’s consumer base is complemented by regional amenities such as Grosse Ile and Lake Erie Metropark, along with Wayne County’s economic drivers in healthcare, logistics, education, and advanced manufacturing.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,157 SF
Building Class
C
Year Built
2010
Price
$2,662,020 CAD
Price Per SF
$432.36 CAD
Cap Rate
7%
NOI
$186,355 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.94 AC
Zoning
CM
Parking
28 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
130’ on Fort
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 45-009-03-0207-301 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $630,148 CAD |
PROPERTY TAXES
Parcel Number
45-009-03-0207-301
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$630,148 CAD
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Built-to-Suit Rare NNN Lease 8-Yrs Remaining | 2230 Fort St
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