12500 S Saginaw St
Grand Blanc, MI 48439
Grand Blanc Plaza · Retail Property For Sale

Marcus & Millichap is pleased to offer to the investment market this well located, three-tenant retail property, the Grand Blanc Plaza. Three excellent companies occupy the 100% leased facility in Grand Blanc, Michigan. This 3,053 square foot asset consisting of Subway, Little Caesars Pizza and Troy Cleaners is situated directly across from the Grand Blanc Community High School, the only high school in the city. Renovated in 2001, this attractive facility has outstanding visibility at the direct intersection of two major surface streets, so the traffic is constant and access excellent. The city of Grand Blanc is an affluent south suburb of Flint, approximately 30 minutes north of metro Detroit. The average household income is just over $80,000 within a mile to three miles of the location allowing for a very positive outlook for continued appreciation of the property. Flint is a larger market with a metropolitan area location of over 425,000 people. The tenants are on triple net leases and have a good amount of remaining lease term left including Subway that will renew soon for an additional 10 years. The franchisee is a very experienced and stable operator of over 60 Subway locations in the region. Little Caesers has been a successful tenant for many years and is a draw to the center. Troy Cleaners, a long established company with many sites, has been in business since 1938 and in this location has convenient drive-thru service capability. Approximately 44,000 vehicles pass on Saginaw St. daily making for consistent business to the tenants and continually bringing in both the impulse and destination consumer. The area is fully developed so new construction is non-existent. Saginaw and Holly Roads, the crossroads of this retail plaza location, are main thoroughfares of the area, providing direct access to Interstate 75.