For Sale
$1,130,000

4655 24Th AvePort Huron, MI 48059

Port Huron, MI: Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
106

Highlights

  • 5,200 SF freestanding Goodyear Auto Service center in Port Huron, MI, built in 1996.
  • $1,130,000 asking price, representing a 6.50% cap rate and $217.31/SF.
  • Net Lease (NN) with $73,500 annual rent; tenant pays taxes and insurance; landlord responsible for building structure, common areas, and parking lot.
  • Lease expires October 31, 2026, with two 5-year renewal options; 1.9 years remaining.
  • Tenant is Goodyear, a global tire company with over 950 retail locations.

Property Details for 4655 24Th Ave

Property type
Retail properties, Auto shops
Square Feet
5,200 SF
Year Built
1996
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Port Huron
County
St. Clair
State
Michigan
Latitude
43.043479411344
Longitude
-82.456892638728
4655 24Th Ave, Port Huron, Michigan
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4655 24Th Ave
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