Goodyear - Retail/Industrial Investment
Industrial | 7.00% CAP | 28,830 SqFt
Marketing description
Colliers is pleased to offer the opportunity to purchase a long operating Goodyear Tire truck service location in Belleville, Michigan.
The tenant has been in possession of the building since 1989. The current lease runs through April 30, 2031, and is guaranteed by Goodyear Tire and its affiliate. The tenant has renewed the lease multiple times
and again just recently. This is a passive investment, with Landlord responsible for roof and structure only.
There is one remaining option.
This property is located in a prime industrial corridor and sits across the highway from a large Visteon facility. The location and facility are strategic because it services trucks and cars.
The property is offered at $3,191,894 which translates to a 7.00% cap rate.
Investment highlights
•Corporate guarantee.
•Strong Brand.
•Significantly growing brand.
•Recently extended showing commitment to the location.
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