Listed by Sands Investment Group Austin
$900,000
White Cap (Colony Hardware) - Flint, MI
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 12,300
Cap Rate 7.67%
NOI $69,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 08/21/2027
Remaining Term 1.2
Rent Bumps Yes
Lease Options 1 x 5 Year Option
Price per SqFt $73
Year Built 1962
Acreage 0.530
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/22/2017
Ground Lease No
National Credit Tenant - White Cap | 550+ Locations | 7.67% CAP
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the White Cap (formerly Colony Hardware) located in Flint, MI. White Cap recently acquired Colony Hardware to expand its geographic footprint. After this acquisition, this facility becomes the only White Cap facility within 30 miles and the sole White Cap in the Flint, MI market. This is a rare opportunity to acquire a functional industrial asset with healthy rents leased to an industry-leading tenant.
Investment highlights
- National Credit Tenant: White Cap is one of the largest distributors of building materials, specialty construction supplies, and safety products in North America, with over 550+ locations. In February 2026, White Cap officially acquired Colony Hardware, bringing Colony into the greater White Cap family and strengthening the guarantee at this location.
- Strategic Acquisition: White Cap officially acquired Colony Hardware to expand its geographic footprint in the Northeast, Midwest, and Florida, while enhancing its direct-to-jobsite delivery, tool repair, and rental capabilities. This acquisition makes the location the only White Cap facility in the entire Flint, MI market, making it highly likely for the tenant to renew.
- Strategically Located: This facility is located right off Robert T Longway Boulevard (which sees over 14,000 vehicles per day), making the property highly accessible to I-475 and allowing the tenant to service the entire Flint, MI market.
- Healthy Rent: This asset features slightly under-market rent, presenting potential future upside for investors. Additionally, the rent remains highly replaceable should White Cap ever vacate the property.
Listing Contacts
Listed by Sands Investment Group Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,000.00
$5,750.00/mo
Valuation Metrics
0
DSCR
7.67%
Cap Rate
7.67%
ROI
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