Firestone Auto
For Sale
Contact for pricing
49950 Grand River Ave, Wixom, MI 48393
Recently opened automotive service property leased under a long-term NNN structure with corporate guaranty.
Property Size6,116 SF
Days on Market145
Property Features for 49950 Grand River Ave
General Information
Standard status
Active
Size
6,116 SF
Property subtype
Retail
Net Operating Income
$161,298
Site & Location
Traffic Count
30,668 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5%
Building Details
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 4:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
The 6,116-square-foot Firestone automotive service facility at 49950 Grand River Ave in Wixom, Michigan, opened in January 2020. The property is subject to a 15-year NNN lease with no landlord responsibilities, along with four 5-year renewal options. Contractual rent increases occur at 5% every 5 years during the initial term, and the lease is guaranteed by Bridgestone, which carries an A investment-grade credit rating.
The site is positioned near I-96, with reported expressway traffic of 125,002 cars per day, and fronts Grand River Avenue, which sees 30,668 cars per day. The five-mile population is 99,158, while one-mile population growth is reported at 4.49%.
The site is positioned near I-96, with reported expressway traffic of 125,002 cars per day, and fronts Grand River Avenue, which sees 30,668 cars per day. The five-mile population is 99,158, while one-mile population growth is reported at 4.49%.
Key Highlights
- 6,116 SF Firestone automotive service facility
- Opened in January 2020
- 15‑year NNN lease with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
30,668 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
173k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Home Improvements & Furnishings 27%
Shops & Services 10%
Dining 10%
Meijer
Groceries
74,863 visits/mo
0.0 miles
Menards
Home Improvements & Furnishings
46,167 visits/mo
0.3 miles
Duluth Trading Company
Apparel
15,766 visits/mo
0.2 miles
Meijer Gas Station
Shops & Services
11,298 visits/mo
0.2 miles
KFC
Dining
9,117 visits/mo
0.2 miles
Demographics for 48393, MI
20,257
Population
9,847
Households
2.1
Avg Household Size
36
Median Age
43%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,489
Density / Sq Mi
$67,194
Median Household Income
$44,862
Median Earnings
$975
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Big Rays Quick Lube — 49487 Grand River Ave, Wixom, MI 48393
- Varsity Lincoln, Inc. Service — 49251 Grand River Ave, Novi, MI 48374
- Quick Lane at Varsity Lincoln — 49251 Grand River Ave, Novi, MI 48374
- Michelin — 48754 twelve mile rd, wixom, mi 48393
- Hadley's Towing — 48661 Grand River Ave, Novi, MI 48374
Frequently Asked Questions
What type of property is this?
Auto shop - Recently opened automotive service property leased under a long-term NNN structure with corporate guaranty.
Where is this auto shop located?
The property is located at 49950 Grand River Ave Wixom, MI.
What are key features of this property?
This property features: 6,116 SF Firestone automotive service facility; Opened in January 2020; 15‑year NNN lease with zero landlord responsibilities
