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3620-3640 Miller Rd 50,100 SF 100% Leased Retail Building Flint, MI 48507 $3,805,191 ($75.95/SF) 8.75% Cap Rate
EXECUTIVE SUMMARY
Mid-America Real Estate – Michigan is pleased to present the opportunity to acquire a 50,100-square-foot, value-add shopping center in Flint, Michigan. Currently 78% occupied, the center offers a strong mix of tenants and is strategically positioned along Miller Road, the market’s primary retail corridor, just west of the I-75 entrance and exit ramp. Tenants include Guitar Center, Epic Gymnastics, Ross Education, and one available space. Anchored by Best Buy and Dunham’s, the site benefits from excellent retail synergy that supports tenant attraction and retention. The Flint market is highly populated, with over 120,000 residents within a 5-mile radius and more than 30,000 vehicles passing daily along Miller Road.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
50,100 SF
Building Class
C
Year Built
2005
Price
$3,805,191
Price Per SF
$75.95
Cap Rate
8.75%
NOI
$332,954
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
8.59 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial Zoned District
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-27-100-039 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,984,400 |
PROPERTY TAXES
Parcel Number
07-27-100-039
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,984,400
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3620-3640 Miller Rd
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