Building Details:
• Year Built: 2000
4314 Corunna Rd is located in Flint, MI.
. 2 Tenant Long Term Net Leased Offering
. Marathon Gas Station & Corporate Wendy's
. NNN Leases; Minimal Landlord Responsibilities
. Located at the Intersection of Corunna Road & Maxwell Drive, Ingress & Egress From Both Streets
. Wendy's Lease Features Rent Increases in Base Term
. Neighboring Walmart Supercenter, Sam's Club, Lowe's, and The Home Depot
The Jonna Group of Marcus & Millichap is pleased to exclusively market for sale a Wendy's and Marathon Gas Station located in Flint, Michigan. This offering presents a unique opportunity to acquire a corporate backed Wendy's. Both Wendy's and Marathon Gas Station are on long term NNN leases, leaving minimal landlord responsibilities. Wendy's has 16 years left on its base term and Marathon Gas Station has 10 years remaining on its base term. Wendy's lease features rental increases in its base term as well as each of its 5 options. The offering consists of 9,253 square feet of GLA. The 4.2 acre property has 2 ingress/egress points, 1 off Corunna Road and 1 off Maxwell Drive. The offering is located in one of the prime retail hubs of Flint MSA, with national big box tenants in the immediate vicinity including Home Depot, Walmart Supercenter, Sam’s Club, Lowe’s and Kroger. Other national tenants in the area are White Castle, Advanced Auto, Walgreen’s, Rite Aid, Subway, Speedway, Anytime Fitness and many more.
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