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706 S Dort Hwy 5,324 SF Retail Building Flint, MI 48503 $1,883,770 CAD ($353.83 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Long-term lease structure provides durable, predictable cash flow with zero landlord responsibilities
- 10% rental increases every 5 years, delivering consistent NOI growth and inflation protection throughout the primary term
- Meineke provides non-discretionary automotive services, supporting stable performance across economic cycles
- Tenant is responsible for roof, parking lot, HVAC, CAM, taxes, and insurance, eliminating capital expenditure and operating risk
- Lease is guaranteed by Marcor – a 39-unit Meineke operator
- Lease runs through November 2045, offering nearly two decades of secure income with renewal options thereafter
Executive Summary
Brand New 20 Year Lease, Absolute NNN with 10% Increases Every Five Years and Four, Five Year Options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,324 SF
Building Class
B
Year Built
1987
Price
$1,883,770 CAD
Price Per SF
$353.83 CAD
Cap Rate
6.50%
NOI
$122,445 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.39 AC
Zoning
CC
Frontage
155’ on Dort Hwy
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-08-485-033 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $122,170 CAD |
Property Taxes
Parcel Number
41-08-485-033
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$122,170 CAD
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706 S Dort Hwy
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