3525 Saginaw StFlint, MI 48505

This exceptional net-leased retail property, located at 3525 Saginaw St, Burton, MI 48505, offers a compelling investment opportunity. The 10,900 square foot building, constructed in 1998 and renovated in 2019, sits on a 0.929-acre lot and boasts a 100% occupancy rate. Currently leased to Oak Street Health (a CVS Health subsidiary with an S&P rating of BBB and $357.8 billion in revenue), the lease commenced April 15, 2019, and has a remaining term of 9.9 years, expiring October 31, 2034. The lease includes annual rent bumps of 2%, and three 5-year options with the same 2% annual increases. The property generates a strong net operating income (NOI) of $257,785, resulting in a 6.62% cap rate. The asking price is $3,888,800, translating to a price per square foot of $356.77. The property benefits from its high-traffic location on Saginaw Street (19,505 average daily vehicles) and proximity to Interstate 75 (103,713 average daily vehicles). Strong demographics within a 5-mile radius include a population of 131,328 and an average household income of $69,541. Nearby businesses include Kroger, McDonald's, and other national retailers. The property's location between major Michigan cities like Lansing, Ann Arbor, and Detroit further enhances its investment appeal. This is a rare opportunity to acquire a stable, high-performing net-leased asset with a strong tenant and significant remaining lease term.