310 S Averill Ave, Flint, MI 48506
Dispensary with license for sale or lease option.
- Added:
- Sep 23, 2022
- Days on Market:
- 1383
- Last Refresh:
- Jun 28 at 6:04 am
Property Features for 310 S Averill Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Retail
Listing office Global One Realty
Listing date Sep 23, 2022
Source Crexi
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 Global One Realty
HighLights
- Includes medical/recreational (mec/rec) license
- Fully built‑out dispensary - ready for immediate operation
- Land contract available: 33% down, 10yr amortization, 5yr balloon at 9%
- Alternative option: $15k/month NNN lease with option to buy
- Opportunity due to big corp closure
- Multiple other dispensary facilities available for sale
Overview
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 | $77.4k | $15.48 |
| − Vacancy | −$3.3k | −$0.65 |
| EGI | $74.1k | $14.83 |
| − OpEx | −$22.2k | −$4.45 |
| NOI | $51.9k | $10.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.6446826
- Latitude
- 43.0217503
