3614 Corunna Rd - Freestanding FOR SALE


Flint, MI 48532
$694,000 USD
517-282-2861
3614 Corunna Rd, Flint, MI for Sale
$694,000 USD
Freestanding - FOR SALE
1/22
null | 19.02% Cap Rate

3614 Corunna Rd
Flint, MI 48532


HIGHLIGHTS

  • 19.02% Cap Rate | $132,000 NOI
  • High Yield Investment for Landlord or Future Automotive Owner/User
  • New Roof in 2020 | Transferable Warranty
  • Exterior Fencing Around Parking Area | Newly Renovated Office Space

OVERVIEW

Legacy Commercial Group is pleased to exclusively offer the high yield investment sale of Gerber Collision and Glass in Flint, MI. The tenant has recently executed a new NN+ lease extension including 3% annual increase for each (1) year option. Minimal Landlord responsibilities include roof, structure and parking lot. Major capital expenditures completed since 2020 include a brand new roof replacement, exterior fence, and remodeled offices. Contact Legacy Commercial Group for further details.

FOR SALE DETAILS

PRICE

$694,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

19.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gerber Collision & Glass

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

CC

APN/PARCEL ID

40-15-490-014

ASK ABOUT THIS PROPERTY

Logan McAnallenLegacy Commercial GroupMore Info
517-282-2861

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Logan McAnallenLegacy Commercial GroupMore Info
517-282-2861

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.