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3603-3619 Miller Rd
Flint, MI 48507
Genesee Commons - 94,021 SF Power Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 4 tenant retail center located on Miller Road totaling 94,021 square feet strategically located on an 8.19-acre parcel
- Old Navy exercised their 5 year renewal option as of March 2023 -Strong commitment to site
- Subject site within close proximity to Bishop International Airport, third busiest airport in the state of Michigan
- Brand new 10 year lease with Ross Dress For Less - Lease Commences July 2024
- Outparcel to Target - Excellent ingress & egress with cross access easement
- Tenants reimburse Landlord for all maintenance and repairs of the shopping center including the parking lot, roof, structure, and management fee
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
94,021 SF
Building Class
B
Year Built/Renovated
1986/2002
Price
$8,750,000
Price Per SF
$93.06
Cap Rate
10.04%
NOI
$878,622
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.26
Lot Size
8.19 AC
Opportunity Zone
Yes
Zoning
C2, Flint
Parking
515 Spaces (5.48 Spaces per 1,000 SF Leased)
Frontage
450’ on Miller Rd
AMENITIES
- Bus Line
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 07-27-100-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,087,300 |
PROPERTY TAXES
Parcel Number
07-27-100-025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,087,300
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