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CSL Plasma | Medical Office Building | FOR SALE

$1,630,000

1040 East Hill Road, Grand Blanc Township, MI 48439

Active
Last Updated: 09/24/2024

6.21

Cap Rate

101,255

NOI

Details:
Cap Rate:    6.21%
NOI:    $101,255
Building Size:    9,205 sqft
Lot Area:    1.16 acres
Year Built:    1984
Year Last Renovated:    2018
Highlights:
  • Newly renovated facility: Renovated in 2018/2019, new roof with 20-year transferable warranty
  • Aggressive rental increases: 10% rent increases every 5 years during base term
  • Minimal landlord responsibilities: Primarily roof (new in 2018) and structure
  • Tenant reimburses for all operating expenses including up to a 4% management fee ($3,682)
  • Strong location: 4.9/5 stars Google reviews, & 80th percentile nationwide placer AI
  • Strong visibility & accessibility: Ideally situated along Hill Rd between I-475 exit ramps (0.2-mi east) and 1-75 exit ramps (1.6 mi west) and strong traffic counts: 40,000 at the intersection of Hill Rd. And Fenton Rd
  • Strategic site selection: In Proximity to Michigan State University, Ferris State University, Kettering University, Mott Community College, Westmoreland Community College, and more.
  • Strong retail corridor: Tenants in the immediate vicinity include Rite Aid, Starbucks, Taco Bell, McDonald’s, Arby’s, Burger King, Home Depot, Wendy’s, Huntington Bank, Kroger and More
  • Strong demographics: 39,928 residents within 3-mile & 94,933 within 5-mile, AHHI of $73,164 within 1-mile
  • Flint MSA: 4th largest metro in Michigan with a population of over 400,000.
Map:
Documents:
Title
Offering Memorandum
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Location
Gallery