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34248520
34248519

8012 Lewis Ave, Temperance, MI 48182 For Sale

SR
MI 6505425224, CA 02101543 (+42)
ParaSell Inc
JS
CA 02074212
CrownPoint Partners
SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
Listed by ParaSell Inc, CrownPoint Partners
$875,000
12 days on market
Updated 12 days ago

NAPA Auto Parts | Corporate | Toledo MSA

Details
APN 02-026-049-00
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 7,492
Cap Rate 7.2%
NOI $63,000
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, O'Reilly Auto Parts (+2)
Lease Type NNN
Lease Term 6
Lease Expiration 10/31/2027
Remaining Term 1.3
Rent Bumps Yes
Lease Options 1x 3 Year
Price per SqFt $120
Broker Co-Op True
Year Built 1959
Year Renovated 2007
Buildings 1
Stories 1
Acreage 0.640
Parking Spaces 20 spaces
Parking per 1,000 SqFt 2.67
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/29/2021
Ground Lease No
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

SR
MI 6505425224, CA 02101543 (+42)
ParaSell Inc
JS
CA 02074212
CrownPoint Partners
SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
Listed by ParaSell Inc, CrownPoint Partners

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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

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Additional Information

Name
Scott Reid
License
6505425224
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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