51301 Gratiot Ave
Chesterfield, MI 48051
AutoZone | Absolute NNN | Home Depot Out Lot · Retail Property For Sale

The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for a 7,596-square foot, freestanding AutoZone located in Chesterfield, Michigan. AutoZone recently extended their current lease 5 additional years that includes (4) 5-year options. The AutoZone offering has 10 years remaining and also includes ideal 10% rent increases in the option periods. The investment offers a corporate guarantee from AutoZone, the leading automotive aftermarket retailer with over 6,000 locations. The subject property is located in the main retail hub of Chesterfield, off the busy intersection of Gratiot Avenue and 23 Mile Road. Gratiot Avenue and 23 Mile Road sees combined traffic counts of over 42,000 vehicles traveling per day. The subject property is located in a dense retail trade zone that includes The Home Depot, Meijer, Target, Lowe’s Home Improvement, Kohl’s, T.J. Maxx, Bed Bath & Beyond, Dick’s Sporting Goods, PetSmart, Michaels, McDonald’s, Wendy’s, Dunkin’ Donuts and many more. Located in Chesterfield Township, Michigan, a charter township of Macomb County in Metro Detroit. In the first decade of the 21st century, much of Chesterfield Township is dominated by subdivisions, shopping developments, and an increasingly diverse population. Macomb County has consistently been one of the most-populous counties in the state. Of Michigan's five largest counties, Macomb experienced the most population growth (6.7%) between 2000 and 2010. A slew of community development projects in Chesterfield include the Story Point senior living project, the remodeling of Meijer and the $25 million Kroger distribution center located 1 mile from subject site.