Advance Auto Parts — Sale in Lincoln Park, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Lincoln Park, MI 48146

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present this 6,157-square-foot freestanding Advance Auto Parts in Lincoln Park, Michigan. Built-to-suit in 2010 for Advance Auto Parts, the property sits on a 0.94-acre parcel with 28 parking spaces. Located along Fort Street (M-85), a primary Downriver Detroit corridor with 36,348 vehicles per day and a combined 75,378 vehicles per day at the nearby Fort Street and Southfield Road intersection, the property offers strong visibility and accessibility. Positioned within Lincoln Park—known as the “Crossroads of Downriver”—the site benefits from direct access to Interstate 75, downtown Detroit, the Gordie Howe International Bridge, and Detroit Metropolitan Wayne County Airport. The surrounding trade area features 130,244 residents within a 3-mile radius, supported by a blue-collar workforce historically tied to the automotive and steel industries. Consumer demand is reinforced by proximity to national retailers including McDonald’s, Aldi, Walgreens, Family Dollar, Meijer, Walmart, along with healthcare providers such as CareFirst Urgent Care and Get Well Urgent Care. The area is further strengthened by ongoing redevelopment, including the planned transformation of the former Sears site in Lincoln Park. The 15.9-acre property is being redeveloped by A.F. Jonna Development into a mixed-use complex with approximately 110,000 square feet of retail space, multiple commercial buildings, business condominiums, and a four-story hotel. Plans also call for national retailers, including Chick-fil-A, along with other commercial tenants. Lincoln Park’s consumer base is complemented by regional amenities such as Grosse Ile and Lake Erie Metropark, along with Wayne County’s economic drivers in healthcare, logistics, education, and advanced manufacturing. Investment Highlights: • Rare NNN lease with landlord responsibilities limited to the foundation • Eight years remaining with seven percent increases in option period • High-traffic location with 36,

Market Context

This retail in Lincoln Park, MI is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Lincoln Park, MI — view the full market.

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