www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29959952
29959959

8012 Lewis Ave, Temperance, MI 48182

SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
JS
CA 02074212
CrownPoint Partners
Listed by CrownPoint Partners
$875,000
105 days on market
Updated 10 days ago

NAPA Auto Parts | Corporate | Toledo MSA

Details
APN 02-026-049-00
Property Type Retail
Sub Type Auto Shop, Storefront (+1)
Square Footage 7,492
Cap Rate 7.2%
NOI $63,000
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts (+2)
Lease Type NNN
Lease Term 6
Lease Expiration 10/31/2027
Remaining Term 1.4
Rent Bumps Yes
Lease Options 1x 3 Year
Price per SqFt $117
Broker Co-Op Yes
Year Built 1959
Year Renovated 2007
Buildings 1
Stories 1
Acreage 0.640
Parking Spaces 20 spaces
Parking Per SqFt 2.67
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/29/2021
Ownership Fee Simple

Below Market Rent | 50+ Year Operating History | Investment Grade

Investment highlights

Property Highlights

• Corporate Guarantee by Investment Grade Tenant

• Tenant has Operated at the Site for Over 50 Years Showing their Commitment and Dedicated Consumer Base

• Significantly Below Market Rent of $8.41

• 1.5 Years Remain on a NNN Lease with Limited Landlord Responsibilities

• One, Three Year Option Remaining with Rental Increase of $0.40 PSF

• New Lease Signed in October 2021 with Tenant Exercising its First, Two Year Option on November 1, 2024

• 7,492 Total GLA with 2,452 SF of Retail Storefront and 5,040 SF of Warehouse

• Recent Tenant Renovations Include $100,000 Investment in Internal Software, New Shelving and Gondolas, and New Security System

• Recent Landlord Renovations Include Reseal & Restripe of Parking Lot in September 2025 and a New Warehouse Hot Water Boiler in September 2023

• Genuine Parts Company “GPC” is Ranked BBB- on S&P

• In 2025, GPC reported Annual Revenue of $24.3 Billion • GPC’s Annual Revenue Increased 3.5% between 2024 & 2025

Location Highlights

• 16,635 Vehicles Pass the Site Daily on Lewis Ave

• Situated on a Four Lane Major Artery with a Center Turn Lane

• Lewis Avenue is the North to South Connector Between Temperance and the City of Toledo

• Directly Behind the Subject is Moon Gate Luxury Adult Living with 114 Units

• Over 4,275 Multifamily Units within a 3 Mile Radius of the Subject Supporting the Immediate Consumer Base

• Dense Population with 94,918 People within a 5-Mile Radius

• 3.4 Miles to GM Propulsion Systems Facility which Employs Over 1,700 People

• GM Invested $760 Million in the Toledo Propulsion Systems to be Transformed into the First EV-Related Production Facility

• Since 2011, GM has Invested more than $1.9 Billion into this Facility. The Site was Originally Purchased by GM in 1956

• 10 Miles to Downtown Toledo, an Immediate Economic Driver and Approximately 50 Miles to Detroit and Ann Arbor

Listing Contacts

SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
JS
CA 02074212
CrownPoint Partners
Listed by CrownPoint Partners

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,000.00
$5,250.00/mo

Valuation Metrics

0
DSCR
7.2%
Cap Rate
7.2%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591