Gas Station
New
For Sale
$1,298,476
4006 Richfield Rd, Flint, MI 48506
The Michigan- and Indiana-based portfolio can be acquired as individual properties or in a larger package.
Property Size10,000 SF
Price / SF$129.85
Days on Market2
Property Features for 4006 Richfield Rd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Auto Service - Gas-Conv
Lease Type
NNN
Amenities
Long Term Lease | Current Term Runs Through May 2036
Four, Five Year Renewal Options | Built-In Annual Rent Increases
Can be Purchased as an Individual Property or as Part of a Portfolio
Building Details
Building Size
10,000 SF
Buildings
30
Listed By:
Timothy Nichols · License #License(s): IL: 475.159619
(630) 570-2183
Source:
Marcusmillichap
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Timothy Nichols
Investment Insights
Based on property information with market context.
This offering comprises 30 gas station properties: 29 in Michigan and one in Indiana. The properties are available for separate acquisition or as part of a larger portfolio package.
Key Highlights
- 30 gas station properties across Michigan and Indiana
- 29 properties are located in Michigan; one is in Indiana
- Available individually or as a larger package
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,809
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,076,180
$2.1M
Cap Rate 7%
$1,482,986
$1.5M
Cap Rate 9%
$1,153,433
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$154.8K $15.48/SF
− Vacancy
−$6.5K −$0.65/SF
EGI
$148.3K $14.83/SF
− OpEx
−$44.5K −$4.45/SF
NOI
$103.8K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,076,180
Cap Rate 7%
$1,482,986
Cap Rate 9%
$1,153,433
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,809 @ 7.0% cap · market cap 7.99%
Second Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,668 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,299 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 48506, MI
25,069
Population
11,114
Households
2.3
Avg Household Size
39
Median Age
9%
College-Educated
83%
High-School Grad
18.5 sq mi
ZIP Area
1,355
Density / Sq Mi
$44,416
Median Household Income
$31,740
Median Earnings
$897
Median Rent
$91,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - The Michigan- and Indiana-based portfolio can be acquired as individual properties or in a larger package.
Where is this gas station located?
The property is located at 4006 Richfield Rd Flint, MI.
What is the asking price?
The asking price for this property is $1,298,476.
What are key features of this property?
This property features: 30 gas station properties across Michigan and Indiana; 29 properties are located in Michigan; one is in Indiana; Available individually or as a larger package
