Monro Auto Service & Tire Center

511 South State Road, Davison, MI 48423

  • For Sale $1,438,582
  • Property Type Retail - Freestanding
  • Property Size 6,772 SF
  • Lot Size 0.64 Acre
  • Property Tenancy Single Tenant
  • Date Updated Apr 14, 2025
Davison is a city located in Genesee County, Michigan. It is a suburb of Flint, situated about 15 miles east of the city and approximately 60 miles northwest of Detroit. The city is known for its small-town charm, friendly community, and convenient access to larger urban areas. Geographically, Davison is situated in southeastern Michigan, with easy access to major highways such as Interstate 69 and US Route 23, making it well-connected to surrounding cities and regions. Davison features a mix of residential neighborhoods, commercial areas, and green spaces. The city's downtown area has a historic feel with a variety of shops, restaurants, and local businesses. The architecture in the downtown area often reflects a blend of modern amenities with a touch of the city's history. The city is also known for its recreational offerings. There are parks, sports fields, and outdoor spaces where residents can engage in various activities such as picnicking, sports, and relaxation. Lake Callis Recreation Complex, for instance, is a popular spot for outdoor fun, featuring a lake, beach, playgrounds, and walking trails. Davison's location in Michigan provides access to a range of outdoor activities, including hiking, fishing, and boating. Additionally, the city's proximity to Flint and Detroit means that residents have access to cultural events, entertainment venues, and professional sports teams. Flint is the largest city in Genesee County, and its county seat. Located along the Flint River, it is a principal city within the Mid Michigan region. Flint had a population of 81,252 at the 2020 census, making it the 12th-most populous city in Michigan. The Flint metropolitan area is located entirely within Genesee County and is the third-largest metro area in Michigan, with a population of 406,892 in 2020. Genesee County is considered to be a part of the greater Mid Michigan area. Genesee County comprises the Flint, MI Metropolitan Statistical Area and is included in the Detroit-Warren-Ann Arbor, MI Combined Statistical Area. Genesee County is located in the midst of the I-69 International Trade Corridor, a major distribution route with interstate access to Detroit, Chicago and Canada-to-Mexico connections, along with Bishop International Airport and rail service..
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Highlights

  • Publicly Traded Tenant (NASDAQ: MNRO) Monro, Inc. operates over 1,300 locations across 32 states, making it one of the largest tire and auto service providers in the country. A reliable corporate tenant with long-term brand equity.
  • NN Lease with Limited Landlord Responsibilities Tenant is responsible for taxes, insurance, and CAM. Landlord obligations are limited to roof (Brand New Roof 2025,) structure, and parking lot replacement—recent upgrades reduce near-term capital exposure.
  • Low Price Point – Attractive Basis Offered at $1,438,582 with a 6.35% CAP Rate, this opportunity delivers immediate cash flow and upside through future rent escalations and tenant retention.
  • Long Operating History as an Auto Repair Facility - 2005
  • Below-Market Rent with Built-In Growth Current lease rate of $13.49/SF is under market for the region. The lease includes 10% rental bumps every 5 years with three (3) renewal options—providing a stable, escalating income stream.
  • Retail-Dense Corridor with National Tenants Surrounded by top-performing national brands including Walgreens, McDonald’s, Tim Hortons, Domino’s, Applebee’s, Burger King, and more—positioning the asset within a highly synergistic retail cluster.
  • Highway Connectivity and Accessibility Easy access to I-69 and US-23, with strong visibility and accessibility for both local residents and regional commuters.

Contacts

broker

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    60/100 Somewhat Walkable
  • Bike Score ®

    66/100 Bikeable
Powered by Walk Score ®
  • City Davison, MI
  • Neighborhood Davison
  • Zip Code 48423
  • Market Detroit

Points of Interest

  • Flint

    6.82 miles

  • Marathon

    0.35 miles

  • Kroger

    0.63 miles

  • Speedway

    0.70 miles

  • Sunoco

    0.71 miles

  • ChargePoint

    0.94 miles

  • Mobil

    1.30 miles

  • 1 Stop

    2.05 miles

  • Meijer

    2.05 miles

  • Janior/Staff Parking

    0.35 miles

  • Davison Bus Parking

    0.72 miles

  • Equestrian Staging Area

    5.47 miles

  • Canoe Launch

    5.98 miles

  • Fishing Area Parking Lot

    6.44 miles

  • Faculty/Staff Parking Lot

    8.51 miles

  • Mill Street Parking Deck

    8.55 miles

  • Parking Lot A

    8.58 miles

  • UM Flint Harrison Street Parking Lot

    8.72 miles

  • City/Public Parking Lot

    8.78 miles

  • Tropical Smoothie Cafe

    0.14 miles

  • Apollo

    0.17 miles

  • Chee Kong

    0.18 miles

  • YaYa's

    0.30 miles

  • Senor Lucky's

    0.32 miles

  • Whitey's

    0.37 miles

  • Arby's

    0.39 miles

  • El Charito's

    0.40 miles

  • Hungry Howie's

    0.43 miles

  • Big John

    0.43 miles

  • Kroger

    0.77 miles

  • VGs Food Center

    1.25 miles

  • Meijer

    1.92 miles

  • H B's Country Market

    4.01 miles

  • Walmart Supercenter

    4.22 miles

  • Nehring's Market

    5.13 miles

  • Big Lots

    5.54 miles

  • Courtland Center

    5.79 miles

  • JCPenney

    5.89 miles

  • ALDI

    5.90 miles

Frequently Asked Questions

How much does Monro Auto Service & Tire Center cost?

The space currently listed for sale at Monro Auto Service & Tire Center asks for $1,438,582.

What is the total square footage of Monro Auto Service & Tire Center?

Monro Auto Service & Tire Center totals 6,772 square feet.

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Contact Listing Broker
broker

Encore Real Estate Investment Services

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