511 S State Rd - Retail FOR SALE
Davison, MI 48423 |
511 S State Rd
Davison, MI 48423
HIGHLIGHTS
- Monro, Inc. operates over 1,300 locations across 32 states, making it one of the largest tire and auto service providers in the country. A reliable co
- Purpose-built for Monro, this property has been continuously occupied since 2016, reflecting tenant commitment and location viability.
- Current lease rate of $13.49/SF is under market for the region. The lease includes 10% rental bumps every 5 years with three (3) renewal options
- Located 5 minutes from McLaren Flint-Davison Community Medical Center and just 0.3 miles from Ross Medical Education Center
- Surrounded by top-performing national brands including Walgreens, McDonald’s, Tim Hortons, Domino’s, Applebee’s, Burger King, and more
- Offered at $1,438,582 with a 6.35% CAP Rate, this opportunity delivers immediate cash flow and upside through future rent escalations
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
MONRO AUTO SERVICE & TIRE CENTER
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
6772
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
13
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
52-10-554-040
