Monro Auto Service & Tire Center

Highlights:

• Publicly Traded Tenant (NASDAQ: MNRO) Monro, Inc. operates over 1,300 locations nationwide and is one of the largest automotive service and tire providers in the U.S., ensuring strong name recognition and tenant stability.
• Long-Term Occupancy with Renewal Options Monro has operated at this location since 2016, demonstrating a commitment to the site. The lease includes three (3) five-year renewal options with scheduled 10% rental increases every 5 years, offering built-in rent growth.
• Hard Corner Signalized Intersection Prime visibility and access at a high-traffic signalized corner along Miller Road—one of Mid Michigan’s busiest retail corridors— enhancing long-term real estate value and re-tenanting viability.
• NN Lease with Minimal Landlord Responsibilities Landlord is responsible for roof, structure, and parking lot replacement (not maintenance). The roof was recently replaced, reducing future capex exposure.
• Attractive Price Point & Below-Market Rent Basis - Priced at $1,091,666 with a 6.35% CAP Rate. Current rents are below market, providing upside potential at renewal or upon re-tenanting. Low rent basis enhances exit strategy flexibility.
• Dense Surrounding Retail and Consumer Base - Located adjacent to national retailers like Target, Chipotle, Panera, Jimmy John's, PetSmart, Big Lots, and Panda Express. The property is also across from Genesee Valley Center, Flint’s largest shopping destination.
• Established Automotive Corridor in Historic GM Market Located in Flint, the historic birthplace of General Motors and a legacy automotive hub, which continues to attract industrial and commercial investment.

Description:

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Flint is the seat of Genesee County in Michigan. The city is also the largest in the county. Flint is a principal city within the region known as Mid-Michigan. According to the 2017 census, Flint has a population of about 96,448 residents making it the seventh-largest city in Michigan. The Flint metropolitan area is located entirely within Genesee County. It is the fourth largest metropolitan area in Michigan with a population of 415,376 in 2018. Flint is located along the Flint River, and the city is also only 65 miles from Detroit, which is the largest and most populous city in the state.

From the late 19th century to the mid-20th century, the city was a leading manufacturer of carriages and later automobiles, earning it the nickname "Vehicle City". General Motors (GM) was founded in Flint in 1908, and the city grew into an automobile manufacturing powerhouse for GM's Buick and Chevrolet divisions after World War II up until the early 1980s recession. Flint was also the home of the Flint Sit-Down Strike of 1936–37 which played a vital role in the formation of the United Auto Workers.

Flint’s Real Estate Market Has Turned a Corner Recently as Millions of Dollars Have Been Put Into the Restoration of the Downtown, While Median Home Sales Have Increased By 9% Over the Past Year