5050 Gratiot Rd, Saginaw, MI 48638
Former Rite Aid location with over 11,000 square feet.
- Added:
- Aug 6, 2024
- Days on Market:
- 700
- Last Refresh:
- May 12 at 10:00 pm
Property Features for 5050 Gratiot Rd
General Information
- Standard status
- Active
- Size
- 11,114 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing office CENTURY 21 Signature Realty (989) 921-7000
Listing date Aug 6, 2024
Source Crexi
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HighLights
- Over 11,000 square feet of retail space
- Located at the prominent intersection of M‑46 (Gratiot) and Center Road
- Situated in Saginaw Township
- Former Rite Aid location
- Ideal for business
- Built in 1999
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 | $144.0k | $12.96 |
| − Vacancy | −$25.8k | −$2.32 |
| EGI | $118.3k | $10.64 |
| − OpEx | −$35.5k | −$3.19 |
| NOI | $82.8k | $7.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saginaw
- County
- Saginaw
- State
- Michigan
- Longitude
- -84.015337
- Latitude
- 43.415874
