Advance Auto Parts For
For Sale
$2,050,000
22901 Gratiot Ave, Eastpointe, MI 48021
Advance Auto Parts property with corporate guarantee and strong demographics.
Property SizeContact for details
Days on Market163
Property Features for 22901 Gratiot Ave
General Information
Standard status
Active
Property subtype
Retail
Zoning
DT
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Brent Hanna · License #6501393688
(248) 702-0293
Source:
Cpix.resimplifi
Added: Mar 30
Changed: Aug 8
Last Checked: Sep 8 at 3:43AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This property was built-to-suit for Advance Auto Parts in 2008. The tenant extended the lease early in 2022, demonstrating a strong commitment to the location. The lease supports two 5-year options, each with 5% rental increases. The property benefits from multiple points of ingress and egress from Gratiot Ave and N Park Ave. It is located in a dense retail corridor with major national brands, including Five Guys, Petco, Wingstop, CVS, Aldi, Olive Garden, and Walgreens. The property is situated approximately 2 miles from the on/off ramps of I-696 and I-94, and about 10 miles from Downtown Detroit and 12 miles from the Detroit-Windsor Tunnel. The surrounding area has excellent demographics, with over 375,000 people residing within a 5-mile radius and an average household income exceeding $69,000 within the same radius. The property benefits from high traffic volume, with over 42,000 vehicles per day (VPD) on Gratiot Ave, 135,000+ VPD near I-696, and 151,000+ VPD near I-94. The corporate tenant has an S&P credit rating of "BB+".
Key Highlights
- Corporate Guarantee with S&P Credit Rating "BB+"
- Advance Auto Parts extended the lease early in 2022, showing strong commitment to the site.
- Priced Below Replacement Cost
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Beauty & Spa 17%
Electronics 15%
Shops & Services 11%
Tropical Smoothie Cafe
Dining
5,952 visits/mo
0.3 miles
Wingstop
Dining
5,107 visits/mo
0.3 miles
My Salon Suite
Beauty & Spa
4,118 visits/mo
0.3 miles
GameStop
Electronics
2,881 visits/mo
0.3 miles
SUBWAY
Dining
2,856 visits/mo
0.3 miles
Demographics for 48021, MI
34,244
Population
14,124
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,715
Density / Sq Mi
$58,196
Median Household Income
$35,836
Median Earnings
$1,335
Median Rent
$129,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Advance Auto Parts property with corporate guarantee and strong demographics.
Where is this automotive property located?
The property is located at 22901 Gratiot Ave Eastpointe, MI.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Corporate Guarantee with S&P Credit Rating "BB+"; Advance Auto Parts extended the lease early in 2022, showing strong commitment to the site.; Priced Below Replacement Cost
