2479 Hl Rd Flint, MI 48507-3883
- Drive through restaurants
- 1,895 SF
- 2.62 lot acres
Current Use by Public Records
- Starbucks / Coffee Shop
- Taco Bell / Taco Restaurant / Fast Food Restaurant
Property Details for 2479 Hl Rd
- Lot size
- 2.62 lot acres
- Property size
- 1,895 SF
- Zone code
- C-3
- Property type
- Drive through restaurants
- APN
- 15-11-100-009
- APU
- 1511100009
Description
This fee-simple ownership opportunity presents a newly constructed, 2,289 square-foot Starbucks in Flint, Michigan. The property boasts a 10-year net lease with four 5-year renewal options, providing long-term stability and minimal landlord responsibilities. The lease is corporately guaranteed by Starbucks, a credit-rated entity. Located on West Hill Road (16,400+ vehicles per day), this property benefits from high visibility and excellent access, situated across from a Meijer and near other national retailers. The 0.54-acre lot features drive-thru accessibility and outdoor seating. Rent increases by $2.00 per square foot every five years. The building, constructed in 2023, offers a 6.00% cap rate and a strong NOI of $107,583. Its proximity to US Highway 23 and Bishop International Airport further enhances its investment appeal. The asking price is $1,793,050, translating to $783.33 per square foot. This represents a compelling investment opportunity with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7302
- Latitude
- 42.9435
- CBSA code
- 22420
- CBSA name
- FLINT, MI METROPOLITAN STATISTICAL AREA
