8881 Samuel Barton Dr
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8881 Samuel Barton Dr
28,830 SF Retail Building Belleville, MI 48111 $3,047,560 CAD ($106 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Corporate guarantee still in place
- Interstate location
- Heavily sought after market for industrial with low vacancy
- Large Parcel
- High Barrier of entry
- Many improvements to the property have recently been made- including roof repair, All fixtures and much more
Executive Summary
Colliers Net Lease Investment Group is pleased to offer the opportunity to purchase a long operating GoodYear Tire truck service location in Belleville, Michigan with the potential for a value add play.
The tenant has been in possession of the building since 1989. The current lease runs through April 30, 2026 and is guaranteed by Goodyear Tire and its affiliate. The tenant has renewed the lease multiple times, the last extension being 2014. There have been nearly $500,000 of renovations since then including extensive roof repair, upgraded plumbing and more. This is a passive investment, with Landlord responsible for roof and structure only.
There are no remaining options.
This property is located in a prime industrial corridor and sits across the highway from a large Visteon facility. The location is strategic for the groups it services.
The property is offered at $2,150,000 which translates to a 7.76% cap rate.
The tenant has been in possession of the building since 1989. The current lease runs through April 30, 2026 and is guaranteed by Goodyear Tire and its affiliate. The tenant has renewed the lease multiple times, the last extension being 2014. There have been nearly $500,000 of renovations since then including extensive roof repair, upgraded plumbing and more. This is a passive investment, with Landlord responsible for roof and structure only.
There are no remaining options.
This property is located in a prime industrial corridor and sits across the highway from a large Visteon facility. The location is strategic for the groups it services.
The property is offered at $2,150,000 which translates to a 7.76% cap rate.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
28,830 SF
Building Class
C
Year Built
1988
Price
$3,047,560 CAD
Price Per SF
$106 CAD
Cap Rate
7.75%
NOI
$236,168 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
3.18 AC
Zoning
M1 LIG
Parking
30 Spaces (1.04 Spaces per 1,000 SF Leased)
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 83-047-99-0003-705 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $869,598 CAD |
PROPERTY TAXES
Parcel Number
83-047-99-0003-705
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$869,598 CAD
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8881 Samuel Barton Dr
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