3380 Beecher Rd Flint, MI 48532

5,109 SF 0.8 ac lot

Individually Owned Free & Clear

Property ID

US43-1843532

$750,000 5,109 SF

3380 Beecher Rd, Flint, MI 48532
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This exceptional investment opportunity presents a fully leased, single-story medical office building situated on a 0.8-acre lot in Flint, Michigan. The 5,109-square-foot property, built in 2000 and renovated in 2019, features three (3) separate suites, each boasting approximately 1,700 square feet. Each suite includes a reception room, waiting area/lobby, public restroom, main office with a private restroom, and a breakroom. The building benefits from 100% occupancy with a triple-net (NNN) lease structure, ensuring a stable income stream. The current Net Operating Income (NOI) is $52,000, yielding a 7.43% capitalization rate. Leases commence January 5, 2024. The property's prime location on a coveted medical office strip offers excellent visibility and accessibility, situated just two miles from I-75 and one mile from McLaren Medical Center. A private backyard provides additional space, potentially suitable for a therapy area or playgroup. The building is handicap accessible, featuring a large foyer. The property's APN is 07-10-553-018. This is a turnkey investment ideal for a passive income portfolio. The asking price is $700,000.