Auto Service - Gas-Conv
Tuffy Tire & Auto Service Center
2929 Bay Rd, Saginaw, MI 48603
Listing Price: $977,778
Investment Overview
Built in 1974, this Tuffy Auto & Service Center is strategically positioned on Bay Road in Saginaw, MI less than 2.5 miles from I-675 access, which connects directly to I-75, a major throughfare throughout Eastern Michigan. With approximately 29,300 +/- Vehicles Per Day along Bay Road and its neighboring Weiss Street this Tuffy store benefits from visibility along a strong retail and industrial corridor of Saginaw. Neighboring retailers include Walgreen’s, O’Reilly Auto Parts, Family Dollar, McDonalds, and 7-Eleven as well as many others. The subject property is a 7750 square foot 6-bay building on approximately 0.41 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
- Corporate Guaranty: The lease is corporately backed by Gimex Properties Corp, INC., who is owned and operated by Tuffy Corporate
- Long-Term Tenant: 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
- Corporate Guaranty: The lease is corporately backed by Gimex Properties Corp, INC., who is owned and operated by Tuffy Corporate
- Long-Term Tenant: Tuffy Auto & Service has been a tenant since June 2003, with over 20 years' operating history at site locations.
Investment Overview
Built in 1974, this Tuffy Auto & Service Center is strategically positioned on Bay Road in Saginaw, MI less than 2.5 miles from I-675 access, which connects directly to I-75, a major throughfare throughout Eastern Michigan. With approximately 29,300 +/- Vehicles Per Day along Bay Road and its neighboring Weiss Street this Tuffy store benefits from visibility along a strong retail and industrial corridor of Saginaw. Neighboring retailers include Walgreen’s, O’Reilly Auto Parts, Family Dollar, McDonalds, and 7-Eleven as well as many others. The subject property is a 7750 square foot 6-bay building on approximately 0.41 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

