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Details: Retail

Asking Price: $1,120,000

Square Feet: 7,000 SF

Asking Cap Rate: 7.50%

Year Built: 2006

NOI: $84,000

Advance Auto Parts

7227 N Saginaw Rd Mt. Morris, MI 48458

7.5 YEARS OF NNN TERM

Taxes, insurance and CAM pass through to Advance Auto Parts to March 31, 2034. (Landlord responsible for roof/structure)

20% RENT INCREASE IN 2034, FOLLOWED BY 10% INCREASES.

Yield moves from 7.50% in place to 9.00% in 2034 and 10.89% by 2044 on the option rents.

20 YEARS IN OCCUPANCY

Advance has run this store since 2006 and kept it through the chain’s 700-location closure program.

11,377 VEHICLES PER DAY

Frontage on N Saginaw Road, the main north-south route between Flint and Mount Morris.

INSIDE THE FLINT METRO

Mount Morris sits in the Flint MSA, with roughly 20,000 residents in the adjoining township.

DIY-WEIGHTED TRADE AREA

Median household income of $48,800 runs 22% below Genesee County, favoring self-repair over dealer service.

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