Tuffy Tire & Auto
2441 Washtenaw Avenue, Ypsilanti, MI 48197
For Sale
Contact for pricing
Freestanding automotive service property with an absolute NNN lease and corporate guaranty.
Property Size4,017 SF
Lot Size0.33 Acres
Price / SF$220.31
Days on Market57
Property Features for 2441 Washtenaw Avenue
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Building Details
Tenancy
Listing Agency:
TD Commercial Group
Listed By:
Jared McNutt · License #SL3631750
Source:
Crexi
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 8 at 7:09AM
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 TD Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes an approximately 4,017 SF automotive service building on an approximately 0.33-acre parcel. Tuffy Tire & Auto occupies the site under an absolute NNN lease, with the tenant responsible for taxes, insurance, utilities, HVAC, roof, and structural obligations. Mavis Tire Supply LLC provides the corporate guaranty. The initial lease term extends through May 31, 2032, followed by four automatic five-year extension options with 5% rent increases at each option, providing contractual term through May 31, 2052.
The property fronts Washtenaw Avenue in Ypsilanti, a primary corridor connecting Ann Arbor and Ypsilanti. Reported traffic volume is 27,758 VPD at the property and more than 32,000 VPD west of the site. Nearby retail includes Washtenaw Fountain Plaza, approximately 123,000 SF, and Fountain Square Shopping Center, approximately 37,000 SF, with surrounding quick-service restaurant, service, and hospitality uses. The 5-mile trade area includes 183,340 residents and an average household income of $98,205.
The property fronts Washtenaw Avenue in Ypsilanti, a primary corridor connecting Ann Arbor and Ypsilanti. Reported traffic volume is 27,758 VPD at the property and more than 32,000 VPD west of the site. Nearby retail includes Washtenaw Fountain Plaza, approximately 123,000 SF, and Fountain Square Shopping Center, approximately 37,000 SF, with surrounding quick-service restaurant, service, and hospitality uses. The 5-mile trade area includes 183,340 residents and an average household income of $98,205.
Key Highlights
- ±4,017 SF automotive service building on ±0.33 acres
- Absolute NNN lease with Mavis Tire Supply LLC corporate guaranty
- Initial lease term through May 31, 2032
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,621
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,420
$1.1M
Cap Rate 7%
$780,300
$780.3K
Cap Rate 9%
$606,900
$606.9K
Market Conditions
NOI Build-Up for 4,017 SF
Gross rent
$84.4K $21.00/SF
− Vacancy
−$6.3K −$1.58/SF
EGI
$78.0K $19.43/SF
− OpEx
−$23.4K −$5.83/SF
NOI
$54.6K $13.60/SF
Area
Washtenaw County, MI
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,420
Cap Rate 7%
$780,300
Cap Rate 9%
$606,900
Alternative Uses
Best Use
Retail
$780.3K
$682.8K – $910.4K
NOI $54,621 @ 7.0% cap · market cap 6.17%
Second Best
Industrial
$532.7K
$466.1K – $621.4K
NOI $37,286 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,622 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48197, MI
67,895
Population
28,649
Households
2.4
Avg Household Size
33
Median Age
47%
College-Educated
94%
High-School Grad
41.2 sq mi
ZIP Area
1,648
Density / Sq Mi
$70,913
Median Household Income
$39,314
Median Earnings
$1,203
Median Rent
$274,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- stony creek collision — stony creek rd, ypsilanti, mi 48197
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding automotive service property with an absolute NNN lease and corporate guaranty.
Where is this auto shop located?
The property is located at 2441 Washtenaw Avenue Ypsilanti, MI.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: ±4,017 SF automotive service building on ±0.33 acres; Absolute NNN lease with Mavis Tire Supply LLC corporate guaranty; Initial lease term through May 31, 2032
