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21562195
21562196

4875 Bay Rd, Saginaw, MI 48603 For Sale

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
RV
MI MI 6502375353
Encore Real Estate Investment Services
MW
MI 6501365625
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$1,340,000
531 days on market
Updated 71 days ago

The Vitamin Shoppe

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 3,096
Cap Rate 7.16%
NOI $95,944
Occupancy 100%
Tenancy Single
Brand/Tenant Vitamin Shoppe
Lease Type NN
Lease Term 12
Lease Expiration 09/30/2026
Remaining Term 0.2
Rent Bumps Yes
Lease Options (2) Five Year Options
Price per SqFt $433
Year Built 1979
Year Renovated 2015
Buildings 1
Acreage 1.030
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2014

NN Lease - Dominant Retail Corridor with High Traffic Counts

Investment highlights

  • 3,069 SF Vitamin Shoppe in Saginaw Township - Located on 1.03 Acres of Land

  • The Vitamin Shoppe Recently Executed a 6-Year Extension Thru 2032 | 4.65% Rental Increase in 2030

  • Established National Brand – Leading specialty retailer in the $50B+ health and wellness industry, operating since 1977

  • Located in the Epicenter of Retail Activity - a High Concentration of National Brands Driving Significant Traffic and Demand

  • Positioned in Saginaw’s dominant retail corridor, this property sits directly across from Fashion Square Mall and is surrounded by top national retailers, including Chick-fil-A, Arby’s, McDonald’s, AT&T, Burlington Coat Factory, Starbucks, Buffalo Wild Wings, Panera, Panda Express, and Best Buy

  • Double Net Lease (NN) - Minimal Landlord Responsibilities

  • Two Five-Year Options Featuring 10% Rental Increases in Each Option Period

  • High Visibility on Bay Road – Major Retail Corridor with 22,000+ Vehicles Per Day

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
RV
MI MI 6502375353
Encore Real Estate Investment Services
MW
MI 6501365625
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$95,944.00
$7,995.33/mo

Valuation Metrics

0
DSCR
7.16%
Cap Rate
7.16%
ROI

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Additional Information

Name
Deno Bistolarides
License
6502378067
Name
Ryan Vinco
License
MI 6502375353
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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