5414 Rolling Hl DrBridgeport charter Township, MI 48722
- Retail properties
- 10,000 SF
Property Details for 5414 Rolling Hl Dr
- Year built
- 2008
- Property size (Sq ft)
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Investment properties
Description
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.
Location Insight
- City
- Bridgeport charter Township
- County
- Saginaw
- State
- Michigan
- Latitude
- 43.3366
- Longitude
- -83.8399
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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