8531 Lansing Rd | Durand, MI 48429
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8531 Lansing Rd
Durand, MI 48429
Rite Aid · Retail Property For Sale
Investment Highlights
- Positioned within the Flint MSA
- Recent lease extension to August 2028 demonstrates commitment to the location
- The property was renovated in 2021 to incorporate Rite Aid’s newest store image
- Corporate guarantee from Rite Aid
- Next rental escalation on 9/1/2023 and in each renewal option
- Located along Lansing Road (10,080 VPD) and within proximity to Interstate 69 (24,023 VPD)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,082 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.57 AC
Zoning
CM - Commerical
Parking
62 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
220 FT on E Lansing Rd
Amenities
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 020-82-104-001-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $561,490 |
PROPERTY TAXES
Parcel Number
020-82-104-001-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$561,490
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