Building Details

Building Size 28,830 SF

Listing Agency: Colliers

Listed By: Jim Roberts Show Phone

Source: Cpix.resimplifi

Added: Oct 28, 2025 Changed: Oct 10 Last Checked: Oct 19 at 3:18AM

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Investment Insights

Based on property information with market context.

This is an opportunity to purchase a long-operating Goodyear Tire truck service location in Belleville, Michigan. The tenant has been in possession of the building since 1989. The current lease runs through April 30, 2031, and is guaranteed by Goodyear Tire and its affiliate. The tenant has renewed the lease multiple times and again just recently. This is a passive investment, with Landlord responsible for roof and structure only. There is one remaining option. This property is located in a prime industrial corridor and sits across the highway from a large Visteon facility. The location and facility are strategic because it services trucks and cars. The property is offered at $3,191,894 which translates to a 7.00% cap rate.

Key Highlights

• Long‑term lease in place through April 30, 2031, providing stable income.
• Lease is guaranteed by Goodyear Tire and its affiliate, ensuring financial security.
• Tenant has a long operating history at this location since 1989, demonstrating stability.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$149,255

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,985,100 $3.0M

Cap Rate 7%

$2,132,214 $2.1M

Cap Rate 9%

$1,658,389 $1.7M

What to ask about pricing

Market Conditions

NOI Build-Up for 28,830 SF

Gross rent

$221.4K $7.68/SF

− Vacancy

−$8.2K −$0.28/SF

EGI

$213.2K $7.40/SF

− OpEx

−$64.0K −$2.22/SF

NOI

$149.3K $5.18/SF

Area

Wayne County, MI

Vacancy

3.70%

Lease Rate

$7.68 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,985,100

Cap Rate 7%

$2,132,214

Cap Rate 9%

$1,658,389

Alternative Uses

Best Use

Retail

$3.90M

$3.41M – $4.55M (±1% cap)

NOI $273,170 @ 7.0% cap · market cap 3,524,774.19%

Second Best

Industrial

$2.13M

$1.87M – $2.49M (±1% cap)

NOI $149,255 @ 7.0% cap · market cap 1,925,870.97%

Theoretical Best

Specialty Retail

$5.34M

$4.67M – $6.23M (±1% cap)

NOI $373,637 @ 7.0% cap · market cap 4,821,122.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Goodyear Commercial Tire ... (Bike/Boat/Book/etc) Store Wingfoot Commercial Tire ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Restaurant Building Supply Spa & Massage Center Auto Repair Shop Auto Parts Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

75

Businesses Nearby

554

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 100%

Graybar Home Improvements & Furnishings

554 visits/mo 0.5 miles

Demographics for 48111, MI

44,055

Population

19,406

Households

2.3

Avg Household Size

40

Median Age

27%

College-Educated

92%

High-School Grad

66.9 sq mi

ZIP Area

659

Density / Sq Mi

$74,125

Median Household Income

$42,194

Median Earnings

$1,162

Median Rent

$239,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar Off Market Nearby

• Denso International America Inc — 8652 Haggerty Rd, Belleville, MI 48111

Frequently Asked Questions

What type of property is this?

Automotive property - Long-term leased Goodyear Tire truck service location for sale.

Where is this automotive property located?

The property is located at 8881 Samuel Barton Dr Van Buren Township, MI.

What are key features of this property?

This property features: Long‑term lease in place through April 30, 2031, providing stable income.; Lease is guaranteed by Goodyear Tire and its affiliate, ensuring financial security.; Tenant has a long operating history at this location since 1989, demonstrating stability.