Skip to main content

Auto Service - Gas-Conv

Tuffy Tire Auto & Service Center

1802 S Dort Hwy, Flint, MI 48503

Listing Price: $500,000

Cap Rate
6.60%
Tenant Name
Tuffy Tire Auto & Service Center
Years Remaining On Lease
8.6
Gross SF
5,952
Guarantor
Corporate Guarantee
Rentable SF
5,952
Price/Gross SF
$84.01
Lease Type
Absolute Net
Rent Per Square Feet
$5.54

Investment Overview

Built in 1978, this Tuffy Auto & Service Center is well positioned on South Dort Highway in Flint, MI, directly off Interstate 69, conveniently connecting to Interstate 475 and Interstate 75, all major thoroughfares throughout Michigan. With approximately 20,000 +/- Vehicles Per Day along South Dort Highway, this Tuffy location benefits from visibility along a strong retail corridor of Flint. Neighboring retailers include KFC, McDonalds, Taco Bell, and Marathon. The subject property is a 5952 square foot 7-bay building on a larger automotive parcel size of 0.90 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 located on a hard corner 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: $500,000

Cap Rate
6.60%
Tenant Name
Tuffy Tire Auto & Service Center
Years Remaining On Lease
8.6
Gross SF
5,952
Guarantor
Corporate Guarantee
Rentable SF
5,952
Price/Gross SF
$84.01
Lease Type
Absolute Net
Rent Per Square Feet
$5.54

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 located on a hard corner surrounded by national tenants.

Investment Overview

Built in 1978, this Tuffy Auto & Service Center is well positioned on South Dort Highway in Flint, MI, directly off Interstate 69, conveniently connecting to Interstate 475 and Interstate 75, all major thoroughfares throughout Michigan. With approximately 20,000 +/- Vehicles Per Day along South Dort Highway, this Tuffy location benefits from visibility along a strong retail corridor of Flint. Neighboring retailers include KFC, McDonalds, Taco Bell, and Marathon. The subject property is a 5952 square foot 7-bay building on a larger automotive parcel size of 0.90 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

MM Texture Background
MM Textured Background Lower