Advance Auto Parts For
22901 Gratiot Ave Eastpointe, MI 48021
For Sale
$2,050,000
Advance Auto Parts property with corporate guarantee and strong demographics.
Days on Market118
Property Features for 22901 Gratiot Ave
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0293
Listed By:
Brent Hanna · License #6501393688
(248) 702-0293
Source:
Cpix.resimplifi
Added: Mar 30
Changed: Jul 10
Last Checked: Jul 25 at 2:15AM
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
Location Intelligence
Current Use by Public Records
UPS Access Point ...
Courier Service
Advance Auto Parts
Auto Parts Store
FAQs
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
