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Auto Service - Gas-Conv

Tuffy Tire Auto & Service Center

11524 N Saginaw Rd, Clio, MI 48420

Listing Price: $340,426

Cap Rate
7.05%
Tenant Name
Tuffy Tire Auto & Service Center
Years Remaining On Lease
8.6
Gross SF
3,460
Guarantor
Corporate Guarantee
Rentable SF
3,460
Price/Gross SF
$98.39
Lease Type
Absolute Net
Rent Per Square Feet
$6.94

Investment Overview

Tuffy Auto & Service Center is located on North Saginaw Road in Clio, MI, situated off Route 57 that intersects with Interstate 75 less than 3 miles from the property location. With over 11,000 +/- Vehicles Per Day along North Saginaw Road, this Tuffy property is positioned near the main thoroughfares throughout Clio. Population growth in the area surrounding 3 miles is expected to increase by 2028, demonstrating strong resident demographics. Retailers near the immediate area include Exxon, Sunoco, Rite Aid, and Dairy Queen. The subject property is a 3460 square foot 5-bay building on a parcel size of 0.34 acres.

Tuffy’s Absolute NNN Lease Structure with zero landlord responsibilities and long-term historical occupancy at the location demonstrates a strong investment opportunity. Tuffy recently executed a 10-year base term beginning April 4th, 2022. The lease has four (4) 5-Year Options for Tenant Renewal and favorable 6% rental increases every 5 years. The Guarantor on the lease is Mavis Tire Supply LLC, the parent company of Tuffy Tire Auto & Service Center, Mavis Discount Tire.

Investment Highlights

  • Lease Commenced on April 4th, 2022, and has 8+ years remaining on the base term. The lease has four (4) - 5-year options for renewal with 6% rental escalations every 5 years.
  • The lease is corporately backed by Mavis Tire Supply LLC, who is the Guarantor of Tuffy.
  • Tuffy Auto & Service has long term historical tenancy at the site location and surrounded by national tenants.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Auto Service - Gas-Conv

Tuffy Tire Auto & Service Center

Listing Price: $340,426

Cap Rate
7.05%
Tenant Name
Tuffy Tire Auto & Service Center
Years Remaining On Lease
8.6
Gross SF
3,460
Guarantor
Corporate Guarantee
Rentable SF
3,460
Price/Gross SF
$98.39
Lease Type
Absolute Net
Rent Per Square Feet
$6.94

Investment Highlights

  • Lease Commenced on April 4th, 2022, and has 8+ years remaining on the base term. The lease has four (4) - 5-year options for renewal with 6% rental escalations every 5 years.
  • The lease is corporately backed by Mavis Tire Supply LLC, who is the Guarantor of Tuffy.
  • Tuffy Auto & Service has long term historical tenancy at the site location and surrounded by national tenants.

Investment Overview

Tuffy Auto & Service Center is located on North Saginaw Road in Clio, MI, situated off Route 57 that intersects with Interstate 75 less than 3 miles from the property location. With over 11,000 +/- Vehicles Per Day along North Saginaw Road, this Tuffy property is positioned near the main thoroughfares throughout Clio. Population growth in the area surrounding 3 miles is expected to increase by 2028, demonstrating strong resident demographics. Retailers near the immediate area include Exxon, Sunoco, Rite Aid, and Dairy Queen. The subject property is a 3460 square foot 5-bay building on a parcel size of 0.34 acres. Tuffy’s Absolute NNN Lease Structure with zero landlord responsibilities and long-term historical occupancy at the location demonstrates a strong investment opportunity. Tuffy recently executed a 10-year base term beginning April 4th, 2022. The lease has four (4) 5-Year Options for Tenant Renewal and favorable 6% rental increases every 5 years. The Guarantor on the lease is Mavis Tire Supply LLC, the parent company of Tuffy Tire Auto & Service Center, Mavis Discount Tire.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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