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Rite Aid

$2,275,449

5018 Clio Rd, Flint, MI 48504

Active
Last Updated: 07/21/2021

8.35

Cap Rate

190,000

NOI

Details:
Cap Rate:    8.35%
NOI:    $190,000
Building Size:    11,100 sqft
Lot Area:    1.46 acres
Year Built:    1998
Highlights:
  • Absolute Net Lease | Zero Landlord Responsibilities
  • Lease is Corporately Guaranteed by Rite Aid Corp.
  • Recent Lease Extension | 6+ Years Remaining
  • Prototypical Free-Standing Building with Drive-Thru
  • 3.5 Miles Away from McLaren Hospital | 378-Beds
  • High Volume Traffic | Combined Traffic Counts Boast 45,624+ VPD
  • Average Household Income of $45,387 in 5 Mile Radius
  • Population within a 5 Mile Radius Exceeds 131,476
  • National Tenants Surrounding Investment Property: Chase Bank, Little Caesar, Metro By T-mobile, Boost Mobile, Happy's Pizza, Popeye's Louisiana Chicken and Many More
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