Single Tenant: Big Lots

Property Type: | Property Status: Sold

Single Tenant Big Lots

Property Details

Price: $2,287,500

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type: NNN

Location Info

Address: 5112 Miller Road

City: Flint

State: MI

Zip: 48507

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Big Lots located in Flint, Michigan. Dan Cooper, President and Broker of Cooper Commercial Investment Group in Cleveland, Ohio had the privilege to represent the owner, a private group out of Toledo, Ohio, and the buyer, a private investment group out of Pittsburgh, was also directly found by Cooper. The 40,000 square foot property was being offered with two different purchase options and was ultimately purchased with assumption of the existing loan. The sale of the property was for $2,287,500, representing an 8.79% CAP Rate and 97% of the original list price.