For Sale
$1,150,000

5414 Rolling Hl Dr Bridgeport charter Township, MI 48722

10,000 SF NNN Leased Property, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 10,000-square-foot freestanding retail building located at 5414 W Rolling Hills Dr, Bridgeport Charter Township, MI 48722. Built in 2008, this single-story structure is currently vacant but benefits from a corporate-guaranteed NNN lease with Fresenius Kidney Care/Fresenius Medical Care, expiring March 13, 2025. The property boasts a compelling 15.62% cap rate and a low price per square foot of $115. The lease, with approximately 0.3 years remaining, provides a guaranteed income stream while offering significant value-add potential. A new owner can capitalize on this by reletting the space or pursuing an early lease buyout. The tenant is responsible for most operating expenses, including property taxes, utilities, insurance, landscaping, and janitorial services, minimizing landlord responsibilities. Landlord responsibilities are limited to structural repairs, roof replacement, and parking lot replacement. The property's strong location in Saginaw County, Michigan, and the investment-grade tenant, Fresenius Medical Care, contribute to its overall attractiveness. This is a rare chance to acquire a well-located, value-add property with a high cap rate and minimal landlord responsibilities. The Net Operating Income (NOI) is $179,685. The asking price is $1,150,000.

Highlights

  • $1,150,000 asking price for a 10,000 square foot freestanding retail building in Bridgeport Charter Township, MI.
  • Corporately guaranteed NNN lease with Fresenius Medical Care, offering a 15.62% cap rate.
  • Low price per square foot at $115.
  • Minimal landlord responsibilities; tenant responsible for most operating expenses.
  • Value-add opportunity due to short-term lease (expiring 03/13/2025) and current vacancy.

Property Details for 5414 Rolling Hl Dr

Property type
Retail properties, Investment properties
Square Feet
10,000 SF
Year Built
2008
Buildings
1
Stories
1
Units
1

Location Insight

City
Bridgeport charter Township
County
Saginaw
State
Michigan
Latitude
43.336631422559
Longitude
-83.839927461531

FAQs

What type of property is this?
Retail property - 10,000 SF NNN Leased Property, High Cap Rate
Where is the retail property located?
The property is located at 5414 Rolling Hl Dr Bridgeport charter Township, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: $1,150,000 asking price for a 10,000 square foot freestanding retail building in Bridgeport Charter Township, MI.; Corporately guaranteed NNN lease with Fresenius Medical Care, offering a 15.62% cap rate.; Low price per square foot at $115.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5414 Rolling Hl Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message