Drive-Thru Pharmacy Investment
For Sale
Contact for pricing
4007 Saginaw St, Burton, MI 48529
Rite Aid drug store on a signalized hard corner with a drive-thru pharmacy and corporate NN lease structure.
Property SizeContact for details
Days on Market124
Property Features for 4007 Saginaw St
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
31,840 vehicles/day
Highway Access
Yes
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Doug Passon · License #MI 6502361821
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 4:41PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Fortis Net Lease is pleased to present this Rite Aid investment property in Burton, Michigan, featuring a corporate guaranteed NN lease structure with minimal landlord responsibilities. The current 5-year lease extension begins May 1, 2023 and runs through August 31, 2028, with five 5-year renewal options and 4.5% rental rate increases.
The property is positioned at a signalized, hard corner intersection of Saginaw Road and East Bristol Road, approximately one-half mile from I-475. Average combined traffic is reported at 31,840 vehicles per day. A drive-thru pharmacy is included on-site.
The surrounding retail mix includes tenants such as Kroger, Wendy’s, Dairy Queen, Rocky’s, and Boost Mobile. The 3-mile trade area is supported by 54,710 residents with an annual average household income of $52,598.
The property is positioned at a signalized, hard corner intersection of Saginaw Road and East Bristol Road, approximately one-half mile from I-475. Average combined traffic is reported at 31,840 vehicles per day. A drive-thru pharmacy is included on-site.
The surrounding retail mix includes tenants such as Kroger, Wendy’s, Dairy Queen, Rocky’s, and Boost Mobile. The 3-mile trade area is supported by 54,710 residents with an annual average household income of $52,598.
Key Highlights
- Rite Aid investment property with corporate guaranteed NN lease structure and minimal landlord responsibilities
- 5‑year lease extension begins May 1, 2023 through Aug 31, 2028 with five‑year renewal options and 4.5% rental increases
- Located on the signalized hard corner of Saginaw Road and East Bristol Road, one‑half mile from I‑475
Property Analytics
Current Use
Lease Details
31,840 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48529, MI
9,560
Population
4,430
Households
2.2
Avg Household Size
37
Median Age
8%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
1,992
Density / Sq Mi
$38,021
Median Household Income
$24,189
Median Earnings
$1,003
Median Rent
$74,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Rite Aid Pharmacy — G, 4007 Saginaw St, Burton, MI 48529
- CVS Pharmacy — 3525 Saginaw Rd, Burton, MI 48529
- Wonder Land Smoke Shop — 3354 Saginaw St, Burton, MI 48529
- Psychedelic mushroom shop — 1478 james st, burton, mi 48529
- Bristol road pharmacy — 2063 E Bristol Rd, Burton, MI 48529
Frequently Asked Questions
What type of property is this?
Drug store - Rite Aid drug store on a signalized hard corner with a drive-thru pharmacy and corporate NN lease structure.
Where is this drug store located?
The property is located at 4007 Saginaw St Burton, MI.
What are key features of this property?
This property features: Rite Aid investment property with corporate guaranteed NN lease structure and minimal landlord responsibilities; 5‑year lease extension begins May 1, 2023 through Aug 31, 2028 with five‑year renewal options and 4.5% rental increases; Located on the signalized hard corner of Saginaw Road and East Bristol Road, one‑half mile from I‑475
