4485-4487 Miller Rd
Flint, MI 48507
Retail Property For Sale

Chipotle Mexican Grill (NYSE: CMG) signed a 10-year lease that features 10 percent escalations in rent every five years in the base term and in the four, five-year renewal options. In 2015 Chipotle had total assets of $2.73 billion and revenue of $4.5 billion. Eyeglass World signed a 10-year lease that features 5 percent escalations in rent every five years in the base term and in the two, five-year renewal options. Eyeglass World may terminate the lease if Gross Sales during the 6th lease year do not exceed $1,000,000. The lease is backed with a corporate guaranty from National Vision, Incorporated (NVI). NVI is one of the largest optical retailers in the United States, operating over 900 retail locations, and has delivered 58 consecutive quarters of positive co The subject property is located across the street from Genesee Valley Center. Genesee Valley Center, which opened in 1970, has 1.27 million square feet of retail space. The mall has four anchor stores: Burlington Coat Factory, J.C. Penney, Macy' s, and Sears. It comprises more than 120 tenants, including a food court, and an external concourse called the Outdoor Village which also features a Barnes & Noble bookstore. Genesee Crossing is down the street, which features tenants such as Target, PetSmart, Party City, Old Navy, and ULTA, among others.