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Advance Auto Parts 22901 Gratiot Ave 7,000 SF Retail Building Eastpointe, MI 48021 $2,784,146 CAD ($397.74 CAD/SF) 7.54% Cap Rate
Investment Highlights
- Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor
- Lease Supports Two - 5-Year Options with 5% Rental Increases In Each Option
- High Barrier Entry To Market | Priced Below Replacement Cost
- Built-To-Suit For Advance Auto Parts in 2008 | 3+ Years Remain
- Multiple Points Of Ingress and Egress From Gratiot Ave and N Park Ave | 42,000 VPD+
- 2 Miles To The On/Off Ramps Off I-696 | 135,000 VPD+
Executive Summary
Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2008
Price
$2,784,146 CAD
Price Per SF
$397.74 CAD
Cap Rate
7.54%
NOI
$209,821 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.88 AC
Opportunity Zone
Yes
Zoning
RETAIL 5K - Commercial Zoned District
Parking
35 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Security System
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Walk Score®
Very Walkable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-14-30-380-030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $666,720 CAD |
Property Taxes
Parcel Number
02-14-30-380-030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$666,720 CAD
Contacts
-
Deno Bistolarides -
Brent Hanna -
Nick Yaldo -
Encore Real Estate Investment Services
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Advance Auto Parts | 22901 Gratiot Ave
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