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706 S Dort Hwy
Flint, MI 48503
Retail Property For Sale
Investment Highlights
- Long-term lease structure provides durable, predictable cash flow with zero landlord responsibilities
- 10% rental increases every 5 years, delivering consistent NOI growth and inflation protection throughout the primary term
- Meineke provides non-discretionary automotive services, supporting stable performance across economic cycles
- Tenant is responsible for roof, parking lot, HVAC, CAM, taxes, and insurance, eliminating capital expenditure and operating risk
- Lease is guaranteed by Marcor – a 39-unit Meineke operator
- Lease runs through November 2045, offering nearly two decades of secure income with renewal options thereafter
Executive Summary
Brand New 20 Year Lease, Absolute NNN with 10% Increases Every Five Years and Four, Five Year Options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,324 SF
Building Class
B
Year Built
1987
Price
$1,376,230
Price Per SF
$258.50
Cap Rate
6.50%
NOI
$89,455
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.39 AC
Zoning
CC
Frontage
155’ on Dort Hwy
Property Taxes
| Parcel Number | 41-08-485-033 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $89,200 |
Property Taxes
Parcel Number
41-08-485-033
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$89,200
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