1801 Eureka Rd Wyandotte, MI 48192-6008

This exceptional investment opportunity presents a 11,408 square foot auto shop located at 1801 Eureka Rd, Wyandotte, MI 48192, situated on a 0.51-acre lot. The property is currently under a 15-year absolute NNN lease with Caliber Collision (formerly Gerber Collision), a financially strong corporate tenant, providing significant security and stability. The lease features built-in rent bumps of 8% every 5 years, ensuring consistent income growth. The asking price is $669,000, yielding a compelling 6.50% cap rate with a current Net Operating Income (NOI) of $43,485. This sale-leaseback transaction offers a secure, passive income stream with minimal landlord responsibilities. The property is ideally suited for 1031 exchange investors seeking a strong, long-term investment. The single-tenant occupancy minimizes management complexities, and the corporate guarantee mitigates risk. This is a rare opportunity to acquire a high-quality, income-producing asset in a desirable location. The property is classified as retail, with subtypes including auto shop and storefront.