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Maaco Auto Body & Paint 28460 Groesbeck Hwy 23,448 SF Industrial Building Roseville, MI 48066 $1,750,000 ($74.63/SF) 6.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Operating History With Minimal Landlord Responsibilities: MAACO has operated at this location since 2001, providing over 23 years of tenancy
- 13.6 % rental increase coming in September 2026 - Current annual base rent of $132,000 increases to $150,000 in 2026 and $162,000 in 2031
- Current rent is $5.93/SF, well below market average retail rents of $8.89/SF NNN
- Double Net lease with landlord responsible for just roof and structure, with the tenant covering taxes, insurance, and CAM above base year costs
- 2026 rental increase brings cap rate to 7.48 % based on current asking price of $1, 7 50,000
- 22,276-SF building on 1.32 acres with fee simple ownership—providing long-term control and redevelopment potential
EXECUTIVE SUMMARY
22,276-SF building on 1.32 acres with fee simple ownership—providing long-term control and redevelopment potential.
PROPERTY FACTS
| Price | $1,750,000 | Rentable Building Area | 23,448 SF |
| Price Per SF | $74.63 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1952 |
| Cap Rate | 6.45% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.92/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 8 |
| Lot Size | 1.09 AC | ||
| Zoning | RETAIL 5K | ||
| Price | $1,750,000 |
| Price Per SF | $74.63 |
| Sale Type | Investment NNN |
| Cap Rate | 6.45% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.09 AC |
| Rentable Building Area | 23,448 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Tenancy | Single |
| Parking Ratio | 2.92/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | RETAIL 5K |
AMENITIES
- Fenced Lot
- Signage
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PROPERTY TAXES
| Parcel Number | 08-14-18-128-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $524,400 |
PROPERTY TAXES
Parcel Number
08-14-18-128-015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$524,400
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Maaco Auto Body & Paint | 28460 Groesbeck Hwy
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