$1,376,230 USD
248-579-5045
706 S Dort Hwy
Flint, MI 48503
East Village Flint
HIGHLIGHTS
- Long-term lease structure provides durable, predictable cash flow with zero landlord responsibilities
- Tenant is responsible for roof, parking lot, HVAC, CAM, taxes, and insurance, eliminating capital expenditure and operating risk
- 10% rental increases every 5 years, delivering consistent NOI growth and inflation protection throughout the primary term
- Lease is guaranteed by Marcor – a 39-unit Meineke operator
- Meineke provides non-discretionary automotive services, supporting stable performance across economic cycles
- Lease runs through November 2045, offering nearly two decades of secure income with renewal options thereafter
FOR SALE DETAILS
PRICE
$1,376,230 USD
PRICE/SF
$258 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.39 AC
LAND SF
16,988 SF
ZONING
CC
APN/PARCEL ID
41-08-485-033
ASK ABOUT THIS PROPERTY
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248-579-5045
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248-579-5045
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