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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
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.


License: GA 317459
ryan.mcardle@thepalomargroup.com
Office: 706-744-6955 EXT 3
Cell: 706-631-8897

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