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Retail Property with New Lease

4007 S Saginaw St Flint, MI 48529

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Retail property featuring a publicly traded, national retailer tenant.

Type:RETAIL
Property size:
10,996 SF
Price / SF:
$126/SF
Added:
May 15, 2026
Days on Market:
59
Last Refresh:
Jun 28 at 9:46 pm

Property Features for 4007 S Saginaw St

General Information

Standard status
Active
Size
10,996 SF
Property subtype
RETAIL

Listing office Landmark Commercial Real Estate Services

Listing date May 15, 2026

Source Moodyscre

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 Landmark Commercial Real Estate Services


Investment Insights

Based on property information with market context.

This retail property features a publicly traded, national retailer as a tenant. The property has a new 10-year lease and was extensively retrofitted from a former Rite Aid. The property is located in a dense infill location. The property has a size of 10996 square feet.

Key Highlights

  • Strengthened Tenant Credit: Provides assurance of reliable rental income.
  • New 10‑Year Lease: Offers long‑term stability and investment security.
  • Publicly Traded, National Retailer: Indicates a stable and well‑established tenant.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $170.2k $15.48
− Vacancy −$7.1k −$0.65
EGI $163.1k $14.83
− OpEx −$48.9k −$4.45
NOI $114.1k $10.38
10,996 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.63M
$1.43M – $1.90M (±1% cap)
NOI $114,148 @ 7.0% cap · market cap 8.20%
Second Best
Specialty Retail
$1.39M
$1.22M – $1.62M (±1% cap)
NOI $97,499 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M (±1% cap)
NOI $161,969 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Rite Aid Pharmacy Pharmacy Rite Aid Photo (Bike/Boat/Book/etc) Store Coinhub Bitcoin ATM ... Atm

Suggested Use

Real Estate Agency Law Firm Dental Office Accounting Firm Skin Care Clinic Restaurant HVAC Service Cafe & Coffee Shop Electrical Service Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Hamilton Community Health Network Burton Clinic — 3375 Saginaw St G, Burton, MI 48529
  • Wonder Land Smoke Shop — 3354 Saginaw St, Burton, MI 48529
  • Burton Pharmacy — 3375 Saginaw St G, Burton, MI 48529
  • Abdul Mannan Khaja — 4800 Saginaw St STE 1675, Flint, MI 485072677
  • Diplomat Specialty Pharmacy Headquarters — 4100 Saginaw St, Flint, MI 48507

FAQs

What type of property is this?
Drug store - Retail property featuring a publicly traded, national retailer tenant.
Where is this drug store located?
The property is located at 4007 S Saginaw St Flint, MI.
What is the asking price?
The asking price for this property is $1,392,427.
What are key features of this property?
This property features: Strengthened Tenant Credit: Provides assurance of reliable rental income.; New 10‑Year Lease: Offers long‑term stability and investment security.; Publicly Traded, National Retailer: Indicates a stable and well‑established tenant.
Contact an agent
(248) 488-2620 Call to check price and availability
More about this property
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