Auto Service - Gas-Conv
Maaco Auto Body Shop & Paint | Detroit MSA | Double net lease | Macomb County
28460 Groesbeck Hwy, Roseville, MI 48066
Listing Price: $1,850,000
Investment Overview
Marcus & Millichap is pleased to present Maaco Auto Body & Paint at 28460 Groesbeck Hwy in Roseville, Michigan: a 22,276 SF automotive facility on ±1.32 acres, occupied by the Maaco operator since 2001, with nearly 10 years remaining on a double net lease through August 2036.
Maaco Auto Body Shop & Paint | Detroit MSA | Double net lease | Macomb County
Investment Highlights
- 7.23% Cap Rate In-Place Rent. Base Rent Stepped Up 13.6% to $150,000 ($6.73/SF) on September 1, 2026, and Increases 8% to $162,000 ($7.27/SF) on September 1, 2031, and 7.88% Return on Price
- Low Basis. Offered at $83.05/SF ($1,850,000 for 22,276 SF), Well Below Replacement Cost for a Large-Scale Automotive Facility
- Below-Market Rent. In-Place Rent of $6.73 per Square Foot is 61 Percent Below Market Retail Rents of $17.05/SF Triple-Net and 26 Percent Below Industrial Warehouse Rents of $9.11/SF Triple-Net
- 2001 Real Estate Tax Base. Landlord's Tax Exposure is Fixed at the 2001 Tax Bills ($16,306, or $0.73/SF); the Tenant Pays its Portion of all Real Estate Tax Increases over 2001 Levels.
- Limited Landlord Responsibilities. Landlord Maintains the Roof and Four Outer Walls. Tenant Handles all Other Maintenance and Repair, Including HVAC, Lighting, Plumbing and Electrical, and Pays all Utilities and Lease-Required Insurance
- 22,276 Square Feet Across Two Buildings (19,636 Square Feet and 2,640 Square Feet per City Records), with a Customer Showroom, Paint Booth and Multiple Grade-Level Drive-In Bays, Plus a Fenced Rear Storage Yard.
- Two Road Frontages. Parking Fronts both Groesbeck Hwy (M-97) and Cole Street per the Lease Site Plan for Vehicle and Truck Flow
- 39,831 VPD on Groesbeck Hwy (M-97) Directly in Front of the Site, Plus 3,671 VPD on Cole Street; Groesbeck is a Primary Industrial and Commercial Artery in Macomb County, One Mile from I-696 Exit 26 (94,300 VPD).
Auto Service - Gas-Conv
Maaco Auto Body Shop & Paint | Detroit MSA | Double net lease | Macomb County
Listing Price: $1,850,000
Investment Highlights
- 7.23% Cap Rate In-Place Rent. Base Rent Stepped Up 13.6% to $150,000 ($6.73/SF) on September 1, 2026, and Increases 8% to $162,000 ($7.27/SF) on September 1, 2031, and 7.88% Return on Price
- Low Basis. Offered at $83.05/SF ($1,850,000 for 22,276 SF), Well Below Replacement Cost for a Large-Scale Automotive Facility
- Below-Market Rent. In-Place Rent of $6.73 per Square Foot is 61 Percent Below Market Retail Rents of $17.05/SF Triple-Net and 26 Percent Below Industrial Warehouse Rents of $9.11/SF Triple-Net
- 2001 Real Estate Tax Base. Landlord's Tax Exposure is Fixed at the 2001 Tax Bills ($16,306, or $0.73/SF); the Tenant Pays its Portion of all Real Estate Tax Increases over 2001 Levels.
- Limited Landlord Responsibilities. Landlord Maintains the Roof and Four Outer Walls. Tenant Handles all Other Maintenance and Repair, Including HVAC, Lighting, Plumbing and Electrical, and Pays all Utilities and Lease-Required Insurance
- 22,276 Square Feet Across Two Buildings (19,636 Square Feet and 2,640 Square Feet per City Records), with a Customer Showroom, Paint Booth and Multiple Grade-Level Drive-In Bays, Plus a Fenced Rear Storage Yard.
- Two Road Frontages. Parking Fronts both Groesbeck Hwy (M-97) and Cole Street per the Lease Site Plan for Vehicle and Truck Flow
- 39,831 VPD on Groesbeck Hwy (M-97) Directly in Front of the Site, Plus 3,671 VPD on Cole Street; Groesbeck is a Primary Industrial and Commercial Artery in Macomb County, One Mile from I-696 Exit 26 (94,300 VPD).
Investment Overview
Marcus & Millichap is pleased to present Maaco Auto Body & Paint at 28460 Groesbeck Hwy in Roseville, Michigan: a 22,276 SF automotive facility on ±1.32 acres, occupied by the Maaco operator since 2001, with nearly 10 years remaining on a double net lease through August 2036.
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