Single Tenant: Big Lots
Property Type: Retail | Property Status: Sold
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.
Details