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