Single-Tenant Retail

Former Rite-Aid

5050 Gratiot Rd , Saginaw, MI 48603

Listing Price: $1,299,000

Click To Access Offering Memorandum
  • Building SF11114
  • Price/SF11114
  • Year Built / Renovated1999

Investment Highlights

  • Vacant Former Rite Aid – includes all furniture, fixtures, and equipment
  • High Visibility at the Northwest Corner of M-46 / Gratiot Road & N Center Road (38,393 VPD Combined)
  • Quick Access to I-75 (63,107 VPD) & I-675 (23,906 VPD)
  • 8.1 Million SF of Retail within a 5-Mile Radius (96.7% Occupancy Rate)
  • 5 Miles from Saginaw’s Main Retail Corridor Major Retailers: Cabela’s, Home Depot, Lowe’s, Meijer, Target, Kohl’s, Walmart, Sam’s Club & Many Others
  • Covenant Health Medical Centers – 3.6 Miles, 643 Beds | Michigan’s 6th Largest Hospital, 4,800 Employees
  • Nexteer Automotive US Technical Center – 7.5 Miles, 5,000 Employees | 6 Manufacturing Plants (3.1 Million SF) Automotive Engineering Services: Software, Electrical, Mechanical, & Manufacturing On-Site Test Track, State-Of-The-Art Prototype Facilities & NVH Facility, EMI & Validation Facilities, Virtual Engineering
  • Demographics: 97,515 Residents within a 5-Mile Radius, Average Household Income $87,506 within a 1-Mile Radius
Lead Agent

Ashish Vakhariya

Senior Managing Director Investments

Lic: MI 6501322501

Darin Gross

Senior Director Investments

Lic: MI 6501384871

Seth Haron

Managing Director Investments

Lic: MI 6501373006

Michigan Broker of Record | Paul Kerber | Two Towne Square, Ste 450 Southfield, MI 48076 | (248) 415-2600 | Lic #: 6506027275