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32343774
32343775

29200 Plymouth Rd, Livonia, MI 48150

AV
MI 6501322501
Marcus & Millichap - Detroit
DG
MI 6501384871
Marcus & Millichap - Detroit
SH
MI 6501373006
Marcus & Millichap - Detroit
Listed by Marcus & Millichap - Detroit
$1,700,542
32 days on market
Updated 32 days ago

STNL Firestone | Top 1% Nationwide | 30-Year History

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 10,600
Cap Rate 7.00%
NOI $119,038
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 06/30/2031
Remaining Term 5
Lease Options (2) 5-Year Options
Price per SqFt $160
Year Built 1960
Acreage 0.960
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/01/1996
Ground Lease No
Ownership Fee Simple
Sale Condition N/A

Retail | 7.00% CAP | 10,600 SqFt

Marketing description

Marcus & Millichap is pleased to present Firestone Complete Auto Care located at 29200 Plymouth Rd in Livonia, Michigan, within the southern I-275 Corridor. The property is secured by a long-term triple-net lease with Firestone Complete Auto Care, a subsidiary of Bridgestone Corporation, which carries an S&P credit rating of A. The lease structure provides investors with passive income and durable long-term cash flow supported by national credit tenancy. The Livonia location benefits from top-tier foot-traffic rankings, placing the site within the top 1 percent nationwide per Placer.ai, and has demonstrated exceptional operating performance supported by long-term occupancy at this location.

Firestone has operated at this site for approximately 30 years, underscoring the tenant's long-standing commitment to the location and the strength of the underlying real estate. The tenant exercised its most recent lease extension in 2025, further reinforcing long-term tenancy and income continuity. The property has been well maintained, with the landlord recently completing approximately $250,000 in capital improvements, including parking lot and sewer upgrades, further enhancing the condition of the asset and reducing near-term capital expenditure risk for future ownership.

The property is located along Plymouth Road, which carries approximately 19,013 vehicles per day, with immediate access to Middlebelt Road, a major north-south arterial serving approximately 43,291 vehicles per day. This positioning provides excellent visibility, strong traffic exposure, and direct connectivity to I-275, supporting consistent customer volumes and long-term tenant performance within the greater Detroit metropolitan area.

The immediate trade area features a dense concentration of destination and daily-needs retailers including Costco, Meijer, Walmart, Dick's Sporting Goods, Menards, Target, Home Depot, and Aldi. This established national retail adjacency reinforces the corridor's position as a dominant regional retail destination. The property is situated within a core retail market comprising approximately 19.5 million square feet of retail space within a five-mile radius, a residential population of approximately 296,000, and average household incomes exceeding $85,000.

Livonia is one of Metro Detroit's most established suburban communities, supported by strong infrastructure, a stable residential base, and proximity to major employment centers throughout Wayne County. The diversified local economy includes healthcare, manufacturing, logistics, automotive, and professional services, providing long-term stability.

This offering provides investors with the opportunity to acquire a high-performing net-leased asset positioned within a proven suburban retail corridor. The combination of top-tier store performance, investment-grade tenancy, long-term occupancy history, exercised lease extension, recent capital improvements, strong traffic exposure, dense national retail adjacency, and durable market fundamentals supports long-term income stability within one of Metro Detroit's most established commercial trade areas.

Investment highlights

  • Top-Tier Firestone Performance | Top 1% State & Nationwide per Placer.ai
  • 30-Year Operating History at This Location Demonstrating Long-Term Commitment With Lease Extension Exercised in 2025
  • Investment-Grade Tenant | S&P Rated A
  • Long-Term NNN Lease Structure
  • Approximately $250,000 in Recent Landlord Capital Improvements Including Parking Lot and Sewer Upgrades
  • High-Exposure Frontage: Plymouth Road (19,013 VPD) near Middlebelt Road (43,291 VPD)
  • Immediate Access to I-275 Corridor serving Metro Detroit commuters.
  • Strong Retail Market: 19.5 Million SF of Retail within a 5-Mile Radius
  • Nearby Retailers: Costco, Meijer, Walmart, Target, Home Depot, Dick's Sporting Goods, Menards, and Aldi.
  • Located within one of Metro Detroit's most stable suburban communities with diversified economic drivers.
  • Strong demographics: 296,428 Residents & Average HH Income $85,184 within a 5-Mile Radius

Listing Contacts

AV
MI 6501322501
Marcus & Millichap - Detroit
DG
MI 6501384871
Marcus & Millichap - Detroit
SH
MI 6501373006
Marcus & Millichap - Detroit
Listed by Marcus & Millichap - Detroit

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,038.00
$9,919.83/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Paul Kerber
License
6502433613
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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