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Auto Service - Gas-Conv

Tuffy Tire Auto & Service Center

3045 Miller Rd, Flint, MI 48507

Listing Price: $545,454

Cap Rate
6.60%
Tenant Name
Tuffy Tire Auto & Service Center
Years Remaining On Lease
8.6
Gross SF
4,480
Guarantor
Corporate Guarantee
Rentable SF
4,480
Price/Gross SF
$121.75
Lease Type
Absolute Net
Rent Per Square Feet
$8.04

Investment Overview

Built in 1974, this Tuffy Auto & Service Center is well positioned on Miller Road in Flint, MI, directly off the exit between the crossover of Interstate 69 and Interstate 75, two major Interstates throughout Michigan. With over 28,000 +/- Vehicles Per Day along Miller Road, this Tuffy location benefits from visibility along a strong retail corridor of Flint. Neighboring retailers include McDonalds, Popeyes, Uhaul, and many more national tenants. The subject property is a 4480 square foot 6-bay building on a parcel size of 0.69 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: $545,454

Cap Rate
6.60%
Tenant Name
Tuffy Tire Auto & Service Center
Years Remaining On Lease
8.6
Gross SF
4,480
Guarantor
Corporate Guarantee
Rentable SF
4,480
Price/Gross SF
$121.75
Lease Type
Absolute Net
Rent Per Square Feet
$8.04

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

Built in 1974, this Tuffy Auto & Service Center is well positioned on Miller Road in Flint, MI, directly off the exit between the crossover of Interstate 69 and Interstate 75, two major Interstates throughout Michigan. With over 28,000 +/- Vehicles Per Day along Miller Road, this Tuffy location benefits from visibility along a strong retail corridor of Flint. Neighboring retailers include McDonalds, Popeyes, Uhaul, and many more national tenants. The subject property is a 4480 square foot 6-bay building on a parcel size of 0.69 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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