1357-1377 W Coldwater Rd
Flint, MI 48505
Beecher Plaza · Retail Property For Sale

Property tours are available by appointment ONLY. Please contact Steven Silverman to schedule at steven.silverman@freg.com or 248-848-4089. Investment Highlights: ñ26,000 SF neighborhood retail center anchored by Family Dollar in Flint MSA Tremendous value-add opportunity to lease up the available ñ58% RSF (former grocery store) NNN corporate guaranteed Family Dollar lease will multiple renewal options and escalations Long and successful operating history at this property (since 2004) Located in a dense residential area with minimal competing retail properties Nearest full-service grocer is located over two miles from the property ñ47,000 people reside within 3-miles of the property with average HH income of $33,000 Investment Overview: Beecher Plaza - Family Dollar (the "Property") is a ñ26,000 SF neighborhood retail strip center located at 1357-1377 W Coldwater Road in Mt. Morris, Michigan. Mt. Morris is a charter township of Genesee County with a population of ñ21,500 and is considered to be part of the Flint urban area, which is well regarded for its large and hardworking middle class. The Property is strategically located in a strong residential area at the intersection The Property is strategically located in a strong residential area at the intersection of Coldwater and Detroit Street and lies directly between Clio Road and Saginaw Street, which are major thoroughfares in the greater Flint area. Additionally, the Property's location provides easy access to both Highway 475 and Interstate 75. There is approximately 4.2 years remaining on the Family Dollar lease, which expires June 30, 2021. The corporate guaranteed NNN lease features six 5-year renewal options with escalations and percentage rent. The Property provides significant value-add opportunity with 15,500 SF available for immediate use. The Property's 5-mile trade area is home to 106,000 people with an average household income of $37,000. There are also approximately 3,100 total businesses in the trade area, employing approximately 31,000 people.