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5010 Miller Rd
Flint, MI 48507
Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Monro, Inc. operates over 1,300 locations nationwide and is one of the largest automotive service and tire providers in the U.S., ensuring strong name
- Prime visibility and access at a high-traffic signalized corner along Miller Road—one of Mid Michigan’s busiest retail corridors—enhancing long-term r
- Priced at $1,091,666 with a 6.35% CAP Rate. Current rents are below market, providing upside potential at renewal or upon re-tenanting. Low rent basis
- Monro has operated at this location since 2016, demonstrating a commitment to the site. The lease includes three (3) five-year renewal options with sc
- Landlord is responsible for roof, structure, and parking lot replacement (not maintenance). The roof was recently replaced, reducing future capex expo
- Located adjacent to national retailers like Target, Chipotle, Panera, Jimmy John's, PetSmart, Big Lots, and Panda Express.
Résumé de l'annonce
Attached are two strong-performing Monro Auto Service & Tire Centers in Mid-Michigan—Flint and Davison. Both properties are available for purchase individually or together as a portfolio.
?? Monro – Flint, MI
Address: 5010 Miller Road, Flint, MI
Price: $1,091,666
CAP Rate: 6.35%
Size: 4,137 SF | 0.64 Acres
Lease Type: NN
Tenant: Monro Muffler Brake, Inc. (NASDAQ: MNRO)
Lease Term Remaining: 1.5 years + (3) 5-year options
Highlights: Hard-corner location at a signalized intersection across from Genesee Valley Mall. Dense retail corridor with national tenants (Target, Panera, Chipotle, etc.). Roof recently replaced.
?? Monro – Davison, MI
Address: 511 S. State Road, Davison, MI
Price: $1,438,582
CAP Rate: 6.35%
Size: 6,772 SF | 0.64 Acres
Lease Type: NN
Tenant: Monro Auto Service & Tire Centers
Lease Term Remaining: 1.5 years + (3) 5-year options
Highlights: Built-to-suit location, brand new roof (2025), surrounded by strong national retail (Walgreens, McDonald’s, Tim Hortons). Excellent highway access with upside due to below-market rent.
Both sites are corporate-backed, well-located, and priced below replacement cost with built-in rent growth. Ideal for investors seeking stabilized income with long-term upside.
Please contact Deno Bistolarides at 248.702.0288 to discuss further.
?? Monro – Flint, MI
Address: 5010 Miller Road, Flint, MI
Price: $1,091,666
CAP Rate: 6.35%
Size: 4,137 SF | 0.64 Acres
Lease Type: NN
Tenant: Monro Muffler Brake, Inc. (NASDAQ: MNRO)
Lease Term Remaining: 1.5 years + (3) 5-year options
Highlights: Hard-corner location at a signalized intersection across from Genesee Valley Mall. Dense retail corridor with national tenants (Target, Panera, Chipotle, etc.). Roof recently replaced.
?? Monro – Davison, MI
Address: 511 S. State Road, Davison, MI
Price: $1,438,582
CAP Rate: 6.35%
Size: 6,772 SF | 0.64 Acres
Lease Type: NN
Tenant: Monro Auto Service & Tire Centers
Lease Term Remaining: 1.5 years + (3) 5-year options
Highlights: Built-to-suit location, brand new roof (2025), surrounded by strong national retail (Walgreens, McDonald’s, Tim Hortons). Excellent highway access with upside due to below-market rent.
Both sites are corporate-backed, well-located, and priced below replacement cost with built-in rent growth. Ideal for investors seeking stabilized income with long-term upside.
Please contact Deno Bistolarides at 248.702.0288 to discuss further.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Réparation automatique
Taille du bâtiment
4 137 pi²
Classe d’immeuble
C
Année de construction
1972
Prix
1 485 223 $ CAD
Prix par pi²
359,01 $ CAD
Taux de capitalisation
6,35%
Revenu net d’exploitation
94 283 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,15
Taille du lot
0,64 AC
Zone de développement économique
Oui
Stationnement
21 places (5,08 places par 1 000 pi² loué)
Façade
Commodités
- Lot de coin
- Enseigne sur pylône
- Intersection avec signalisation
Impôts fonciers
| Numéro de lot | 07-29-577-016 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 573 319 $ CAD |
Impôts fonciers
Numéro de lot
07-29-577-016
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
573 319 $ CAD
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