Vitamin Shoppe Investment
For Sale
$1,340,000
4875 Bay Rd, Saginaw, MI 48603
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 Market208
Property Features for 4875 Bay Rd
General Information
Standard status
Active
Size
3,096 SF
Lot size
1.03 Acres
Property subtype
Retail
Zoning
B-3
Building Details
Building Size
3,096 SF
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License #MI 6502378067
(248) 702-0288
Source:
Cpix.resimplifi
Added: Mar 30
Changed: Oct 13
Last Checked: Oct 20 at 5:12PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,041
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,820
$800.8K
Cap Rate 7%
$572,014
$572.0K
Cap Rate 9%
$444,900
$444.9K
Market Conditions
NOI Build-Up for 3,096 SF
Gross rent
$55.7K $18.00/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$53.4K $17.24/SF
− OpEx
−$13.3K −$4.31/SF
NOI
$40.0K $12.93/SF
Area
Saginaw County, MI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,820
Cap Rate 7%
$572,014
Cap Rate 9%
$444,900
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 40%
Dining 19%
Shops & Services 18%
Groceries 13%
Meijer
Groceries
112,304 visits/mo
0.4 miles
T.J. Maxx
Apparel
66,912 visits/mo
0.4 miles
Kohl's
Apparel
64,671 visits/mo
0.1 miles
Cabela's
Apparel
60,405 visits/mo
0.2 miles
Five Below
Shops & Services
59,713 visits/mo
0.4 miles
Demographics for 48603, MI
27,492
Population
13,367
Households
2.1
Avg Household Size
43
Median Age
37%
College-Educated
94%
High-School Grad
18.2 sq mi
ZIP Area
1,511
Density / Sq Mi
$65,690
Median Household Income
$41,661
Median Earnings
$1,019
Median Rent
$181,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- K M. Weaver, R — 2393 Schust Rd, Saginaw, MI 48603
- The B-12 Store- Saginaw, MI — 3069 Bay Plz Dr, Saginaw, MI 48604
- CareLinc Medical Equipment & Supply — 4721 Bay Rd, Saginaw, MI 48604
- Zachery T. Graham, PHD — 4801 E McLeod Dr, Saginaw, MI 48604
- Healthway Compounding Pharmacy — 2544 McLeod Dr N # 2, Saginaw, MI 48604
Frequently Asked Questions
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.
