Current Use by Public Records
- Retail properties & Spaces
Property Details for 4655 24Th Ave
- Year built
- 1996
- Lot size
- 0.80 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 5,200-square-foot freestanding Goodyear Auto Service Center in Port Huron, Michigan. Built in 1996 and situated on an 0.8-acre lot, this single-story building is currently under a Net Net (NN) lease with Goodyear, a globally recognized tire and automotive service company. The lease, originally commenced November 1, 1996, has recently been renewed and currently expires October 31, 2026, offering approximately 1.9 years of remaining lease term with two 5-year renewal options. The annual rent is $73,500, with the tenant responsible for property taxes and insurance. The landlord is responsible for roof, structure, common areas, and parking lot maintenance. The asking price is $1,130,000, representing a 6.50% capitalization rate. This property offers a stable income stream backed by a strong national tenant in a desirable location. The property's strategic location provides convenient access to major transportation routes, and benefits from a strong local economy and high population density. This is an ideal investment for those seeking a secure, low-maintenance, and high-return property. The property's strong tenant history and lease terms make it a compelling opportunity for long-term investment growth. The building's solid construction and well-maintained condition further enhance its appeal. This is a rare chance to acquire a high-quality, income-producing asset in a thriving market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port Huron
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.4569
- Latitude
- 43.0435
