Rite Aid

Retail

3717 Fenton Rd Flint, MI
Price:
$ 1,611,000
Property Size:
10,192 sqft
Cap Rate:
9.00
NOI:
$ 145,000
Lot Size:
1.62 acres
Year Built:
1999
Status:
Sale

PASSIVE NNN LEASE WITH LOW RENTS
Tenant is operating under a true Absolute NNN Lease with zero obligations falling on the Landlord. Additionally, the rent per square foot is extremely low for this asset class at $14.23 PSF.

RECENT LEASE EXTENSION
Rite Aid has a long operating history at this location since 1999. In February 2020, Tenant showed commitment to this location by signing an early lease extension giving them over 5 more years of lease term.

GENERAL MOTORS PRESENCE
General Motors is the largest employer in Flint with approximately 7,500 employees. The Flint Assembly Plant is located a ½ mile away from the Subject Property.

STRONG POPULATION AND HOUSEHOLDS
Within 1 mile, there are over 12,000 people and nearly 5,000 households providing a large target market for this Rite Aid location.

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535
Jerry Hopkins
Executive Managing Director
918.878.9536
Ken Hedrick
Executive Managing Director
918.878.9540

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