Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to PT Realty?
PT Realty
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.
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.
Highlights
10 years, 3 months remaining lease term with 2% annual rent increases.
Corporate guarantee from CVS Health (S&P rating BBB, $357.8B revenue); CVS acquired Oak Street Health in May 2023.
High-traffic location on Saginaw Street (19,505 AADT) and proximity to I-75 (103,713 AADT).
Strong demographics: 5-mile radius with 131,328 population and $69,541 average household income.
Nearby national retailers include Kroger, McDonald's, and others.
Convenient location between Lansing, Ann Arbor, and Detroit.
Property Details
for 3525 Saginaw St
Property type
Other retail properties, Individual retail properties
Square Feet
10,900 SF
Year Built/Renovated
1998/2019
Lot Size (sq. ft)
40,467 SF
Location Insight
City
Flint
County
Genesee
State
Michigan
Latitude
43.0477282
Longitude
-83.6942138
3525 Saginaw St, Flint, Michigan
Nearby Similar for Sale
For Sale
$525,000
Glendale Hills Suites: Flint, MI
Mixed-use investment opportunity, high visibility.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.