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Rite Aid - Availability Details

4519 Richfield Rd, Flint, MI 48506

  • For Sale $4,314,000
  • Property Type Retail - Freestanding
  • Property Size 11,180 Sqft
  • Lot Size 1.91 Acre
  • Property Tenancy Single Tenant
  • Year Built 2002
  • Date Updated Sep 13, 2021
Genesee County is a county in the state of Michigan. As of the 2010 census, the population was 425,790, making it the fifth-most populous county in Michigan. The county seat and population center is Flint (birthplace of General Motors). Genesee County is considered to be a part of the greater Mid Michigan area. Genesee County comprises the Flint, MI Metropolitan Statistical Area and is included in the Detroit-Warren-Ann Arbor, MI Combined Statistical Area. Genesee County is located in the midst of the I-69 International Trade Corridor, a major distribution route with interstate access to Detroit, Chicago and Canada-to-Mexico connections, along with Bishop International Airport and rail service. The county’s location and diverse activities offers low cost-of-living without sacrificing cultural amenities or outdoor recreation. The immediate area offers top-notch hospitals and world renowned education centers. A major attraction for visitors is Crossroads Village, a living history village opened in 1976. It is operated by the Genesee County Parks and Recreation Commission alongside the Huckleberry Railroad. Crossroads Village is home to 34 buildings, many which are restored 19th-century buildings, as well as amusement rides, a narrow-gauge railroad, and a replica paddlewheel steamboat. It also hosts numerous events and festivals throughout the year.
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Location

  • City Flint, MI
  • Zip Code 48506
  • Market Detroit

Contacts

broker

Michael Gaggo

Encore Real Estate Investment Services

(248) 702-0287

Highlights

  • Passive Investment | Absolute Net Lease | Zero Landlord Responsibilities
  • Strong Store Sales Performance - Low Rent to Sales Ratio
  • Complete Exterior Renovation Completed in 2020.
  • Attractive 10% Rental Escalations In Option Periods
  • Limited Competition | Nearest National Chain Drug Store is 2.2 Miles Away
  • Prototypical Freestanding Building with Drive-Thru - Hard Corner Main on Main
  • Household Income Within 1 Mile Radius Exceeds $60,000
  • Located Adjacent to Senior Citizen Center and a 100 Unit Apartment Complex
  • Genesee Rd and Richfield Rd Boasts Ample Traffic of Over 30,000 VPD+/-
  • Site is Located 3-Miles From I-475, which is Connected to I-75, which is a major Interstate Highway System that Runs Through Several States
  • Subject Site Located Within 5 Miles From The University of Michigan North Campus (8,289 Student Enrollment) and Mott Community College (10,456 Student Enrollment)
  • Neighboring National Retailers Include: McDonald’s, Family Dollar, Kroger, Halo Burger, Dollar General, Little Caesars, Marathon, First Place Bank, and More

Frequently Asked Questions

What year was Rite Aid built and finished?

Rite Aid was completed in 2002.

Contact Listing Broker

broker

Michael Gaggo

Encore Real Estate Investment Services

(248) 702-0287

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