Vitamin Shoppe Investment
4875 Bay Rd Saginaw, MI 48603
4875 Bay Rd, Saginaw, MI, 48603
$1,340,000
For Sale
$1,340,000
3,069 SF Vitamin Shoppe on 1.03 Acres For Sale
Property Size3,096 SF
Lot Size1.03 Acres
Price / SF$432.82
Days on Market116
Property Features for 4875 Bay Rd
General Information
- Standard status
- Active
- Size
- 3,096 SF
- Lot size
- 1.03 Acres
- Property subtype
- Retail
Listing agency
Encore Real Estate Investment Services
(248) 702-0288
Listed by
Deno Bistolarides · License #MI 6502378067
(248) 702-0288
Source
Cpix.resimplifi
Added: Mar 30 Updated: Jul 10 at 1:16PM Checked: Jul 23 at 2:44AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This 3,069 square foot property is a Vitamin Shoppe located in Saginaw Township on 1.03 acres. The Vitamin Shoppe recently executed a 6-year extension through 2032, with a 4.65% rental increase in 2030. The property is positioned in Saginaw’s dominant retail corridor, directly across from Fashion Square Mall. It benefits from high visibility on Bay Road, a major retail corridor with over 22,000 vehicles per day. The surrounding area features a high concentration of national brands, including Chick-fil-A, Arby’s, McDonald’s, AT&T, Burlington Coat Factory, Starbucks, Buffalo Wild Wings, Panera, Panda Express, and Best Buy. The lease is double net (NN), with minimal landlord responsibilities. There are two five-year options featuring 10% rental increases in each option period. The Vitamin Shoppe is an established national brand and a leading specialty retailer in the $50B+ health and wellness industry, operating since 1977.
Key Highlights
- Established national brand (Vitamin Shoppe) in the $50B+ health and wellness industry, operating since 1977.
- Located in Saginaw's dominant retail corridor, directly across from Fashion Square Mall, surrounded by top national retailers.
- Recently executed a 6‑year extension through 2032.
Local Financial Insights For Specialty 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 | $55.7k | $18.00 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $53.4k | $17.24 |
| − OpEx | −$13.3k | −$4.31 |
| NOI | $40.0k | $12.93 |
3,096 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$572.0K
$500.5K – $667.4K
NOI $40,041 @ 7.0% cap · market cap 2.99%
Second Best
Retail
$329.4K
$288.2K – $384.3K
NOI $23,059 @ 7.0% cap · market cap 1.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Vitamin Shoppe
(Bike/Boat/Book/etc) Store
Little Caesars Pizza
Take-out & Catering
Similar For Sale Nearby
Similar Off Market Nearby
- Healthway Compounding Pharmacy — 2544 McLeod Dr N # 2, Saginaw, MI 48604
- K M. Weaver, R — 2393 Schust Rd, Saginaw, MI 48603
- Zachery T. Graham, PHD — 4801 E McLeod Dr, Saginaw, MI 48604
- CareLinc Medical Equipment & Supply — 4721 Bay Rd, Saginaw, MI 48604
- The B-12 Store- Saginaw, MI — 3069 Bay Plz Dr, Saginaw, MI 48604
FAQs
What type of property is this?
Drug store - 3,069 SF Vitamin Shoppe on 1.03 Acres For Sale
Where is this drug store located?
The property is located at 4875 Bay Rd Saginaw, MI.
What is the asking price?
The asking price for this property is $1,340,000.
What are key features of this property?
This property features: Established national brand (Vitamin Shoppe) in the $50B+ health and wellness industry, operating since 1977.; Located in Saginaw's dominant retail corridor, directly across from Fashion Square Mall, surrounded by top national retailers.; Recently executed a 6‑year extension through 2032.
