Auto Service - Gas-Conv
Tuffy Tire & Auto Service Center
400 S Euclid Ave, Bay City, MI 48706
Listing Price: $977,778
Investment Overview
Built in 1980, this Tuffy Auto & Service Center is strategically positioned on South Euclid Avenue in Bay City, MI, situated directly on I-75B and less than 2 miles from I-75, a major throughfare throughout Eastern Michigan. With approximately 23,000 +/- Vehicles Per Day along South Euclid Avenue, this Tuffy store benefits from visibility along a strong retail corridor of Saginaw. Neighboring retailers include Walgreen’s, Hungry Howie’s, McDonalds, and Rite Aid as well as many others. The subject property is a 5680 square foot 8-bay building on approximately 0.42 acres.
This investment opportunity brandishes very favorable lease terms with an initial 20-year base term and operating history. The property began a freshly executed 10-year base term commenced on June 1st, 2023. The lease has two (2) 5-Year Options for Tenant Renewal and significant 7.5% rental increases every 5 years. The Guarantor on the lease is Gimex Properties Corp. Inc., a direct subsidiary of Tuffy Corporate, who is under an Absolute NNN Lease providing for zero landlord responsibilities.
Investment Highlights
- Lease Commenced on June 1, 2023, and has 10 years remaining on the base term. The lease has two (2) - 5-year options for renewal with 7.5% rental escalations every 5 years.
- The lease is corporately backed by Gimex Properties Corp, INC., who is owned and operated by Tuffy Corporate.
- Tuffy Auto & Service has been a tenant since June 2003, with over 20 years' operating history at site locations.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Listing Price: $977,778
Investment Highlights
- Lease Commenced on June 1, 2023, and has 10 years remaining on the base term. The lease has two (2) - 5-year options for renewal with 7.5% rental escalations every 5 years.
- The lease is corporately backed by Gimex Properties Corp, INC., who is owned and operated by Tuffy Corporate.
- Tuffy Auto & Service has been a tenant since June 2003, with over 20 years' operating history at site locations.
Investment Overview
Built in 1980, this Tuffy Auto & Service Center is strategically positioned on South Euclid Avenue in Bay City, MI, situated directly on I-75B and less than 2 miles from I-75, a major throughfare throughout Eastern Michigan. With approximately 23,000 +/- Vehicles Per Day along South Euclid Avenue, this Tuffy store benefits from visibility along a strong retail corridor of Saginaw. Neighboring retailers include Walgreen’s, Hungry Howie’s, McDonalds, and Rite Aid as well as many others. The subject property is a 5680 square foot 8-bay building on approximately 0.42 acres. This investment opportunity brandishes very favorable lease terms with an initial 20-year base term and operating history. The property began a freshly executed 10-year base term commenced on June 1st, 2023. The lease has two (2) 5-Year Options for Tenant Renewal and significant 7.5% rental increases every 5 years. The Guarantor on the lease is Gimex Properties Corp. Inc., a direct subsidiary of Tuffy Corporate, who is under an Absolute NNN Lease providing for zero landlord responsibilities.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By

