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Rally’s Drive-Thru Shops

4455 Corunna Rd, Flint, MI 48532

$724,000

Cap Rate 7.75%

DOM: 32 Updated: 10.03.25 Posted: 10.03.25 Status: Active     10.03.25

Summary

Price $724,000
Built/Renov 2007
Tenant Rally’s Drive-Thru Shops
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,763
Lease Start
#Units 878
Price/SF $410.66
Expiration
Tenant Type Fast Food/QSR
NOI $56,081
R. Term 0.00
Ownership Fee Simple
Rent/SF $31.81
Increases 0.0%/0/yrs
Pop 5Mi 96,624
Lot/AC 0.68
Options 1/5yrs
AHHI 5Mi $63,030

Ronnie Issenberg
Marcus & Millichap
Contact

Highlights

  • 4,568 SF multi-tenant retail building built in 2007

  • 100 percent leased to Rally’s, Great Clips, Hello Nails & Lashes

  • All tenants on NNN lease structures with minimal landlord responsibilities

  • Rally’s lease expires 2026 with one 5-year renewal option

  • Great Clips lease expires 2027 with no renewal option

  • Hello Nails lease runs to 2030 with 3 percent annual rent increases

  • Net Operating Income of $56,081 with 7.75 percent cap rate

  • Located at high-traffic Corunna and Linden intersection with 34,200 vehicles per day

Location Description

Rally’s Drive-Thru Shops is strategically located along Corunna Road in Flint, Michigan, with access to a daily traffic count of approximately 34,200 vehicles. The site is surrounded by major national retailers including Walmart, Sam’s Club, Home Depot, and ALDI, driving consistent consumer traffic to the area. The property is located near several schools, residential communities, and...

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Key Features

  • Hard corner intersection

  • In location for years

  • Major thoroughfare

  • Dense retail corridor

  • Strong demographics

  • Business growth area

  • Long operation history

  • Absolute NNN

  • Over 2000 units backed

  • Personal guarantee

    • ...

Links

Rally's Wikipedia Rally's Wikipedia Flint, MI Zip Code 48532 Broker Site Page

Documents

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Rally’s Drive-In Restaurants is part of Checkers Drive-In Restaurants, Inc., and is one of the largest chains of double drive-thru restaurants in the United States. The company currently...


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Listing Broker

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