Rite Aid
$2,275,449
5018 Clio Rd, Flint, MI 48504
For Sale
Retail
Street Retail
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
Location
