1805 James P Cole Blvd Flint, MI 48503

This exceptional investment opportunity presents a 19,800-square-foot industrial property located at 1805 James P Cole Blvd, Flint, MI 48503. The property, built in 1975 and extensively renovated in 2023, boasts a single tenant under a NNN lease with a credit-rated tenant. The lease commenced July 1, 2024, and has a remaining term of 4.1 years, expiring December 31, 2028. The asking price is $1,295,000, representing a compelling cap rate of 8.49% with a current NOI of $110,000. The property features two loading docks with two dock-high doors, an 18-foot ceiling height, and ample parking for 20 vehicles. Situated on a 0.75-acre lot in a heavy industrial zone, this building benefits from recent upgrades including a new roof, LED lighting, and fresh paint, both interior and exterior. Its strategic location within a larger industrial park, adjacent to the Lear plant and the Flint Buick City redevelopment project (over 300 acres of new industrial development), offers significant growth potential. The below-market rent and the property's designation as an Opportunity Zone further enhance its investment appeal. This is a single-story building with a net rentable area of 19,800 square feet, priced at $65.40 per square foot. Three rent bumps are included in the lease agreement.