Goodyear
Retail | 6.75% Cap Rate | 5,200 Sq Ft
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Goodyear located at 4655 24th Avenue (MI Route 25) in Port Huron, Michigan (the “Property”). Goodyear has occupied this location since 1996 and recently exercised a renewal option, demonstrating their commitment to the site and the market. Goodyear has 5+ years remaining on their lease with one (1), 5-year renewal option. The lease features an attractive 10% rent increase at the start of the remaining renewal option.
Goodyear is strategically positioned along 24th Avenue (OH Route 25), the area’s primary commercial and commuter corridor, where the Property benefits from excellent frontage, visibility, and prominent signage. Goodyear is a pad site to a shopping center anchored by Burlington and Hobby Lobby, and is located between Birchwood Mall, anchored by Target, and Walmart Supercenter. This concentration of national and local retailers and restaurants generates consistent consumer traffic throughout the immediate trade area. The Property is also easily accessible from surrounding residential neighborhoods and area schools, providing a built-in and reliable customer base. Located approximately 4.5 miles from Downtown Port Huron, the Blue Water Bridge to Canada, and nearby interstates 69 and 94, the site benefits from strong regional and cross-border connectivity.
Port Huron is located approximately 60 miles northeast of Detroit and serves as the primary commercial and cultural hub for Michigan’s Blue Water region. The city’s position along major transportation corridors and international trade routes further supports consistent traffic and long-term regional demand.
Investment highlights
LEASE TERM: Goodyear has been operating at the Property since it was constructed in 1996 and recently exercised a renewal option, demonstrating their commitment to the site and the market. Goodyear has 5+ years remaining on their corporate Lease with one (1), 5-year renewal option. SCHEDULED RENT INCREASES: The corporate lease calls for an attractive 10% rent increase at the start of the remaining renewal option, providing the investor with an attractive increase in revenue and a hedge against inflation.
CORPORATE LEASE: Goodyear is one of the world’s largest tire companies. It employs about 63,000 people and manufactures its products in 57 facilities in 23 countries around the world. Goodyear Auto Service has been wholly owned and operated by Goodyear Tire & Rubber Co. since 1924 and has over 2,000 locations. Goodyear reported 2025 net sales of $18.3 billion, with tire unit volumes totaling $158.7 million.
MINIMAL MANAGEMENT RESPONSIBILITIES: Goodyear is responsible for real estate taxes and insurance and reimburses up to $8,000 for all other operating expenses and maintenance of the property; the Landlord is responsible for the roof and structure making this an ideal investment for the passive investor. Goodyear’s fixed operating expense reimbursement cap shall increase to $9,000 in the renewal option.
STRATEGIC RETAIL LOCATION: Goodyear is situated along 24th Avenue (MI Route 25), the area’s primary commercial and commuter roadway. The Property enjoys outstanding frontage, visibility and signage and is a pad site to a Burlington and Hobby Lobby anchored shopping center. Goodyear is located between the Birchwood Mall (anchored by Target) and Walmart Supercenter and is surrounded by national and local retailers and restaurants that drive traffic to the area. The Property is easily accessible from Port Huron’s residential neighborhoods and schools providing a built-in and captive customer base. The Property is 4.5 miles from Downtown Port Huron, the Canadian Border (accessed by the Blue Water Bridge), and Interstate 69, which provides access to all points west including Interstate 94.
RECESSION RESISTANT INVESTMENT: Auto service and repair, auto parts, and tire stores remain in high demand among Net Lease investors. The U.S. auto fleet is expected to grow by more than 10% over the next 3 years, resulting in approximately 300 million vehicles (with an average age of 11 years) on the road by 2029. More cars on the road, an aging fleet and more miles driven are all predictors for a healthy automotive parts and automotive repair industry.
RETAIL TRADE AREA: The Property is situated in Port Huron’s north end and offers convenient access to an array of national retailers and restaurants including Walmart Supercenter, Target, Home Depot, Lowe’s, Kroger, Meijer, Aldi, Kohl’s, Best Buy, Harbor Freight, TJ Maxx, Staples, Hobby Lobby, Burlington, Tractor Supply Co, Walgreens, Dollar General, O’Reilly Auto Parts, Tuffy Tire, AutoZone, Buffalo Wild Wings, Applebee’s, Chili’s, Texas Roadhouse, Olive Garden, Chick-fil-A, Chipotle, Panera, Starbucks, McDonald’s, Burger King, Taco Bell, Arby’s, KFC, Culver’s, Long John Silver’s, Domino’s, Dunkin’, Tim Horton’s, and Subway.
STRONG TRAFFIC COUNTS: More than 22,400 vehicles pass the property daily along 24th Avenue (MI Route 25).
DEMOGRAPHICS: Over 18,100 people live within a 3-mile radius of the Property with an average household income of $95,553. More than 40,000 people live within a 5-mile radius of the Property with an average household income of $91,615.
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