Available

Advance Auto Parts

22901 Gratiot Avenue | Eastpointe, MI 48021

Price

$2,341,000

Cap Rate: 6.60%

Lead Broker

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Located within the Detroit MSA, the 14th largest in the U.S.

Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Advance Auto Parts property located in the Detroit MSA. There are approximately six years remaining on the net lease. Advance Auto Parts recently exercised an early lease extension evidencing the success of the store and their commitment to the location. Advance Auto Parts is an investment grade rated tenant (S&P: BBB-).

The Advance Auto Parts is in Eastpointe, MI within a densely populated area. There are over 21,000 people living within one mile of the property and over 150,000 people living within three miles. The property is positioned at a hard corner along Gratiot Avenue (37,000 VPD). The property is surrounded by numerous car dealerships and auto service shops. Retailers in the immediate area include Costco, Kroger, Petco, Bank of America, Rite Aid, Walgreens, Olive Garden, and First State Bank.

This property can be purchased individually or with another similar Advance Auto Parts in Lincoln Park, MI or with several other STNL properties in Florida. Contact broker for details.

Investment Highlights

  • Proven successful Advance Auto Parts location evidenced by their recent early lease renewal
  • Triple net lease with the only landlord responsibilities to the slab, structure, and foundation
  • Advance Auto Parts is an investment grade rated company (S&P: BBB-)
  • Rental increases in each option period
  • High-end construction

Location Highlights

  • Located within the Detroit MSA, the 14th largest in the U.S.
  • Densely populated area with over 21,000 people within one mile and over 150,000 people within three miles
  • Positioned at a hard corner along Gratiot Avenue (37,000 VPD)
  • Retailers in the immediate area include Costco, Kroger, Petco, Bank of America, Rite Aid, Walgreens, Olive Garden, and First State Bank
  • Surrounded by numerous car dealerships and auto service shops
  • Immediate proximity to Eastpointe High School

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031